Which of the Following Techniques Can Be Used to Explore

question 32

Multiple Choice

Which of the following techniques can be used to explore relationships between two nominal variables?

• A)Comparing the relative frequencies within a cross-classification table.
• B)Comparing pie charts,one for each column (or row).
• C)Comparing bar charts,one for each column (or row).
• D)All of these choices are true.

---

Definitions:

Not Binding

A term used to describe a situation where a constraint or limit (such as a price ceiling or floor) does not affect the equilibrium outcome of the market.

Equilibrium Price

The market price where the quantity of goods supplied equals the quantity of goods demanded.

Quantity Demanded

The aggregate quantity of a product or service that buyers are prepared and able to buy at a specific price.

Equilibrium Price

The price point at which the demand for a product matches the supply of the product, ensuring market stability.