Which One of the Following Statements Is Correct

question 80

Multiple Choice

Which one of the following statements is correct?

• A) A point-and-figure chart depicts all of the closing prices of a stock over a period of time.
• B) A point-and-figure chart consists of columns of X's and O's.
• C) A typical bar chart uses vertical bars to show the closing price as well as the change in price from the previous day.
• D) A sell signal occurs when prices break though a resistance line on a chart pattern.

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Definitions:

Inelastic Portion

A segment of the demand curve where consumers are less sensitive to price changes, implying that the quantity demanded changes only slightly in response to large changes in price.

Elastic Portion

The segment of a demand or supply curve where a change in price leads to a more than proportional change in quantity demanded or supplied.

Marginal Cost Curve

A graphical representation showing how the cost of producing one more unit changes as production levels change.

MR Curve

Stands for Marginal Revenue Curve, which shows how the revenue changes with the sale of one additional unit of a product.