Rank the Following by Relative Frequency from Highest to Lowest

question 14

Multiple Choice

Rank the following by relative frequency from highest to lowest:

• A)gamma rays, blue light, red light, radio waves
• B)gamma rays, radio waves, blue light, red light
• C)radio waves, red light, blue light, gamma rays
• D)blue light, red light, radio waves, gamma rays
• E)red light, radio waves, blue light, gamma rays

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Definitions:

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices during a given period.

Producer Surplus

The difference between the amount producers are willing to sell their goods for and the actual amount they receive due to higher market prices.

Consumer Surplus

The gap highlighting the difference between the sum consumers intend to pay and what they actually fork out for a good or service.

Supply Curve

A graphical representation showing the relationship between the price of a product and the quantity of the product that suppliers are willing to sell.