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The figure given below shows the market for computers in the U.S. The domestic price line inclusive of the tariff lies above the international price line. Dd and Sd are the domestic demand and supply curves of computers respectively. The production effect of the tariff on computers is worth
Precise
Referring to the closeness of two or more measurements to each other, showing little variance when repeated.
Accuracy
How closely a measurement, calculation, or specification aligns with the true value or an established standard.
Significant Figures
The number of digits in a measurement that are known with a certain degree of reliability, used to express the precision of the measurement.
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