​Which of the Following Is NOT Necessary for a Graph

question 10

Multiple Choice

​Which of the following is NOT necessary for a graph to be complete?

• A) ​phase lines
• B) ​data points
• C) ​x-axis and y-axis
• D) ​behavior change

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Definitions:

Market

A venue where buyers and sellers engage in trade, determining the price of goods and services through the laws of supply and demand.

Equilibrium

A state in economic analysis where supply equals demand, leading to stable prices and quantities in the market.

Price

The price in terms of money anticipated, needed, or given for purchasing something.

Supply

Supply is the total amount of a good or service available to consumers, often influenced by price, production costs, and market demand.