Over the Previous Year, 2,000 Boxes of Antihistamine Tablets Were

question 35

Multiple Choice

Over the previous year, 2,000 boxes of antihistamine tablets were sold at a price of $20 per box, and during the current year, 2,500 boxes of tablets were sold at $25 a box.The most likely interpretation of these data is that the

• A)supply and demand curves are shifting to the right.
• B)supply and demand curves are shifting to the left.
• C)the supply curve has shifted to the left, with no change in demand.
• D)the demand curve has shifted to the right, with no change in supply.

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Definitions:

Descriptive Analytics

The set of analytical techniques that describe what has happened in the past.

Analytical Technique

Analytical Technique refers to a systematic approach or method used to break down complex material or data into smaller, more manageable parts for analysis.

Category

A classification or grouping of items that share common characteristics or attributes.

Analytics

The scientific process of transforming data into insight for making better decisions.