Which Method Is the BEST to Use When Presenting Categorical

question 194

Multiple Choice

Which method is the BEST to use when presenting categorical data from a functional analysis?

• A) a bar graph
• B) anecdotal report
• C) scatter plot
• D) standard celeration chart

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Definitions:

Price Floor

A government-imposed minimum price set above the equilibrium price, preventing market prices from falling below a certain level.

Shortage

The occurrence of demand for a certain product or service outpacing the supply in the marketplace.

Surplus

The amount of an asset or resource that exceeds the portion that is actively utilized; in economic context, it often refers to excess production or budgetary surplus.

Price Ceiling

A government-imposed limit on how high a price can be charged for a product, service, or commodity, often to protect consumers.