Figure 6-3 -In Figure 6-3(a), Demand Is

question 151

Multiple Choice

Figure 6-3
-In Figure 6-3(a) , demand is

• A)perfectly elastic.
• B)perfectly inelastic.
• C)unit elastic.
• D)fixed at one particular quantity.

---

Definitions:

Coefficient Of Determination

The amount of variance in one variable that is accounted for by the variance in another variable.

Positive Slope

A line on a graph that shows an upward trend, indicating that as one variable increases, the other variable also increases.

Negative Slope

A characteristic of a line on a graph indicating that as one variable increases, the other variable decreases, showing an inverse relationship.

Pearson's Correlation Coefficient

A statistical measure that calculates the strength and direction of the linear relationship between two continuous variables.