Which of the Following Best Describes a Bar Chart

question 1

Multiple Choice

Which of the following best describes a bar chart?

• A)A chart in which vertical bars represent data in different categories.
• B)A circle subdivided into sectors representing data in different categories
• C)A chart in which vertical bars of unequal widths are usually used.
• D)A chart in which vertical bars usually have no gaps between them.

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Definitions:

Income Effect

The change in an individual's or economy's income and how that change will affect the quantity demanded of a good or service.

Substitution Effect

Refers to the change in consumption patterns due to a change in the relative prices of goods, holding the consumer's utility constant.

Consumption Bundle

A collection of goods or services that an individual or household consumes within a given period.

Utility Function

A mathematical model in economics that maps a consumer's preferences for various products and services to a numerical representation of utility or satisfaction.