A Histogram Is Basically a Bar Chart in Which the Bars

question 26

True/False

A histogram is basically a bar chart in which the bars do not touch.

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Definitions:

Tariff

A tax imposed by a government on goods and services imported from other countries, affecting trade.

Voluntary Quota

A self-imposed limit on the quantity of goods a country exports or imports.

Elasticity of Supply

A measure of how much the quantity supplied of a good changes in response to a change in the price of that good.

Price Elasticity

The degree to which the demand for a good is responsive to changes in its price.