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The back-to-back dotplot shows the number of fatalities per year caused by tornadoes in a certain state for two periods: 1950-1974 and 1975-1999.Explain how you would summarize the centre and spread of each of the variables depicted in the dotplots.
Economic Rents
Earnings in excess of the economically or socially necessary cost of bringing a factor of production into use.
Supply Curve
A graphical representation showing the relationship between the price of a good or service and the quantity of that good or service that a supplier is willing and able to supply.
Demand For Land
The desire, backed by purchasing power, for the use or ownership of land, which is influenced by various economic and societal factors.
Efficient Use Of Resources
The optimal allocation and utilization of resources to maximize productivity and minimize waste.
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