Each Color Bit Represents ____ Colors

question 25

Multiple Choice

Each color bit represents ____ colors.

• A)two
• B)three
• C)four
• D)six

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Definitions:

Budget Line

A representation of all the combinations of goods and services a consumer may purchase given current prices within their income level.

Price Of Potatoes

The cost per unit at which potatoes are sold or bought in the market, affected by factors like supply, demand, and production costs.

Horizontal Axis

The x-axis in a graph or chart, typically used to represent the independent variable or to plot time or specific categories.

Budget Line

A graphical representation of all possible combinations of two goods that a consumer can purchase at given prices and within a specific budget.