The Following Bar Graph Shows the Annual Attendance at a State

question 49

Multiple Choice

The following bar graph shows the annual attendance at a state fair: You are asked to redesign the bar chart to DE-EMPHASIZE the change in attendance. You would use a _____ range on the _____ axis.

• A)narrower; vertical
• B)wider; vertical
• C)narrower; horizontal
• D)wider; horizontal

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Definitions:

Producer Surplus

The difference between the amount a producer is willing to accept for a good or service and the actual amount received from selling it at the market price.

Cupcakes

Small, individually-sized cakes that are typically frosted and decorated, often used to celebrate events or milestones.

Total Surplus

Total surplus is the sum of consumer surplus and producer surplus in a market, representing the total benefits to both buyers and sellers from trade.

Producer Surplus

The difference between the amount that producers are willing to sell a good for and the actual amount received by them.