FIGURE 3-4 -Refer to Figure 3-4. What Does a Change from Point

question 95

Multiple Choice

FIGURE 3-4

-Refer to Figure 3-4. What does a change from Point A to Point D represent?

• A) an increase in quantity demanded
• B) a decrease in quantity demanded
• C) an increase in demand
• D) a decrease in demand

---

Definitions:

Downtown Washington

Downtown Washington refers to the central business district and political center of Washington D.C., characterized by significant landmarks such as the White House and the U.S. Capitol.

Categorical Variables

Variables that denote categories and can assume one among a limited, typically constant, set of possible values.

Quantitative Variables

Variables that can be quantified and measured numerically.

Median Age

The age that divides a population into two numerically equal groups, where half the population is younger and half is older.