Determine Which of the Following Describes Nominal Data $\mathrm { i }$

question 47

Multiple Choice

Determine which of the following describes nominal data.
i. Michaelangelo's sells small, medium, large, and jumbo pizzas.
ii. Michaelangelo's most-requested toppings are pepperoni, black olives, and mushrooms.

• A) both \(\mathrm { i }\) and ii
• B) neither \(\mathrm { i }\) nor ii
• C) i only
• D) ii only

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Definitions:

Rightward Shift

In economics, a graphical representation indicating an increase in supply or demand in a market, moving the curve to the right.

Tax Reduction

The act of decreasing the rates or amounts of taxes imposed by a government, often with the aim of stimulating economic growth or providing relief to taxpayers.

Income of Consumers

The total earnings received by individuals and households from various sources including wages, salaries, benefits, and investment income.

Equilibrium Quantity

The quantity of goods or services that is supplied and demanded at the price where supply and demand are balanced.