A Chart Is

question 71

Multiple Choice

A chart is:

• A)a group of related data points in an Excel window.
• B)a visual depiction of numerical data.
• C)a set of numeric values shown on a worksheet.
• D)text that describes a group of data points.

---

Definitions:

Price Inelastic

Describes a situation where the demand for a product does not change significantly when its price changes.

Tax Revenue

The financial earnings governments receive via taxing.

Perfectly Price Inelastic

A situation where the quantity demanded of a good or service does not change in response to a change in price.

Consumption

The use of goods and services by households.