Which Is the Best (Most Informative and Useful) Graphical Display

question 71

Multiple Choice

Which is the best (most informative and useful) graphical display of the Average Weekly Earnings
Health Care in Canada over the years 2008 to 2012?

---

Definitions:

Total Revenues

The total amount of money generated by a firm from its sales activities before any expenses are subtracted.

Elastic

A description of a variable's sensitivity to change in another variable, often used in economics to describe how demand or supply responds to changes in price.

Price-elasticity Coefficient

A measure that calculates how much the quantity demanded of a good responds to a change in its price, quantitatively.

Revenues

The total income generated by a company from its business operations, such as sales of goods or services, before any costs or expenses are deducted.