An Estimated Demand Curve Does Not Necessarily Match Actual Data

question 21

Multiple Choice

An estimated demand curve does not necessarily match actual data perfectly because

• A) it is not possible to accurately calculate the coefficients of the curve.
• B) some factors that are not measured or observed may affect the curve.
• C) the random error term has too large of a range.
• D) demand is unpredictable.

---

Definitions:

Mentally Anticipate

The act of forecasting or predicting future events or reactions with the mind.

Behavior Modeling

A teaching method in which the desired behavior is demonstrated and learners are then guided to imitate the behavior.

Communication Skills

The ability to convey or share ideas, feelings, and information effectively to others through speaking, writing, or other mediums.

Technology Skills

The ability to effectively use technological tools and devices.