A Teacher Surveyed Her Class About Their Pets

question 115

Essay

A teacher surveyed her class about their pets. The survey denotes the gender of
a student and whether the student owned a dog, a cat, or neither. Create a table
displaying the data. Be sure to label the rows and columns.

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Definitions:

Laffer Curve

A theoretical representation of the relationship between government revenue raised by taxation and all possible rates of taxation, suggesting that higher tax rates beyond a certain point actually decrease total revenue.

Elasticities

Measures of how much the quantity demanded or supplied of a good responds to changes in price, income, or other factors.

Demand

The total quantity of goods or services that consumers are willing and able to purchase at a given price level in a market.

Supply

The total amount of a specific good or service that is available to consumers in a market at a given time and price.