For a Time Series Beginning with 1991 and Extending Up

question 103

Multiple Choice

For a time series beginning with 1991 and extending up to 2010, which year would be coded with a one when using the coded method?

• A) 1989
• B) 1991
• C) 1992
• D) 2001

---

Definitions:

Quantity Supplied

The amount of a good that producers are willing and able to sell at a given price over a specified period.

Price of Desks

The amount of money required to purchase a desk, determined by factors like supply, demand, and production costs.

Supply

the total amount of a specific good or service that is available to consumers.

Inferior Good

A type of good for which demand decreases as the income of the individual increases, inversely related to income.