The Trend Lines Can Have Following Trends, Except

question 325

Multiple Choice

The trend lines can have following trends, Except:

• A) Upward trend
• B) Downward trend
• C) Trend range
• D) Round phase

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Definitions:

Consumer Surplus

The distance between the total consumers are ready to contribute financially to a good or service and what they eventually pay.

Deadweight Loss

A shortfall in economic optimization that occurs when the balance for a good or service is missed or impossible to hit.

Tax

A compulsory financial charge or levy imposed by a government on individuals or entities to fund public expenditure.

Consumer Surplus

The difference between the aggregate willingness to pay by consumers for a good or service and the aggregate actual payment.