The owner of an Italian restaurant would like to see a graphical display of the number of customers that the restaurant serves. The following data are the average number of customers served each day for the last 12 months.
Construct a line graph.
Explain what the graph tells us.
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Definitions:
Obsolete
Refers to products, technologies, or methods that are no longer used because newer ones have replaced them.
Highly Valued
Regarded with great importance, significance, or appreciation by individuals or society.
Competitive Price-Searcher Market
A market structure where firms have some power to set prices because their products are differentiated, but must consider the prices of competitors.
Losses
The negative financial result from business activities when costs exceed revenues.
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