The Set of Scores 1, 2, 2, 3, 3, 3

question 1

Multiple Choice

The set of scores 1, 2, 2, 3, 3, 3, 4, 4, 5 forms a distribution.

• A)nonmodal
• B)unimodal
• C)bimodal
• D)multimodal

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Definitions:

Decrease in Demand

refers to a situation where consumers' desire and ability to purchase a product or service diminishes, leading to a downward shift in the demand curve.

Short Run

A time period in economics during which at least one input (such as plant size) is fixed and cannot be changed.

Long Run

A period of time in economics during which all factors of production and costs are variable, allowing full adjustment to changes.

Average-Total-Cost Curve

A graphical representation in economics that shows how the average total cost of production changes as the quantity of output is altered.