The Weak Form of the Efficient Market Hypothesis Denies the Use

question 69

Multiple Choice

The weak form of the efficient market hypothesis denies the use of:

• A) technical analysis, but supports fundamental analysis as valid.
• B) fundamental analysis, but supports technical analysis as valid.
• C) both technical analysis and fundamental analysis.
• D) technical analysis, but is silent on the possibility of successful fundamental analysis.

---

Definitions:

Elasticity of Demand

Investigating the degree to which demand for a good is affected by its price dynamics.

Energy Source

A point or substance from which energy can be obtained to provide heat, light, power, or other forms of energy.

Long Run

A period in which all factors of production and costs are variable, allowing firms to adjust all inputs.

Substitute Resources

Alternative resources or inputs that can be used in production to replace other resources, helping to maintain production when some resources are scarce.