When Reporting Results, Writers Should State That the Results Are

question 23

True/False

When reporting results, writers should state that the results are obvious or self-evident.

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Definitions:

Quantity Purchased

The total number of units bought of a particular good or service.

Inferior Good

A type of good for which demand decreases as the income of consumers increases, in contrast to a normal good.

Equilibrium Price

The cost at which the amount of a product or service consumers want to buy matches the amount that manufacturers are willing to sell.

Equilibrium Quantity

The quantity of goods or services that is supplied is exactly equal to the quantity demanded at the equilibrium price.