Which Represents the Highest Degree of Certainty

question 56

Multiple Choice

Which represents the highest degree of certainty?

• A)hypothesis
• B)variable
• C)assumption
• D)theory
• E)prediction

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Definitions:

Quantity Demanded

In economics, the total amount of a good or service that consumers are willing and able to purchase at a given price.

Income

The financial gain received by an individual or household, usually derived from work, investments, or other sources, over a period.

Own Price Elasticity

The responsiveness of the quantity demanded of a good to a change in its own price, holding other factors constant.

Delicacy Market

A sector of the food industry focused on selling rare, expensive, or gourmet items considered highly desirable.