Which of the Following Statements Is True

question 103

Multiple Choice

Which of the following statements is true?

• A)Graphical techniques should only be used where there is a small amount of data.
• B)Large data sets are best presented in tabular form.
• C)Graphical techniques create a visual impression,which is easy to distort.
• D)All of these choices are true.

---

Definitions:

Demand

The desire and ability of consumers to purchase goods and services at given prices.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price within a specific time period.

Demand Curve

A graphical representation showing the relationship between the price of a good or service and the quantity demanded at various prices.

Quantity Demanded

The specific amount of a good or service consumers are willing to buy at a given price point, holding all else constant.