Refer to the Graphs Above

question 29

Multiple Choice

Refer to the graphs above. Which one shows a perfectly elastic demand?

• A)graph A
• B)graph B
• C)graph C
• D)graph D

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Definitions:

Big Data

Extremely large data sets that may be analyzed computationally to reveal patterns, trends, and associations, especially relating to human behavior and interactions.

Data Set

A collection of data points or information that are usually related and collected for the purpose of analysis or making conclusions.

Pivot Table

A tool in statistical software, such as SPSS or Excel, that allows the user to easily manipulate the rows, columns, and frequencies included in cross-tabulation tables.

Reliability Values

Quantitative measures indicating the consistency and stability of a measurement or test over repeated applications or time periods.