A Column Chart Turned on Its Side Is Called a Bar

question 40

True/False

A column chart turned on its side is called a bar chart,with the length of the bar determined by the data value.

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Definitions:

Price

The amount of money required to purchase a good or service, determined by factors like supply and demand, production costs, and market competition.

Normal Good

A type of good for which demand increases when consumer income rises and decreases when consumer income falls.

Income

Money received, especially on a regular basis, for work or through investments.

Quantity Demanded

Refers to the amount of a good or service that consumers are willing and able to purchase at a given price over a specified period of time.