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Instruction 3-2
The data below represents the amount of grams of carbohydrates in a serving of breakfast cereal in a sample of 11 different servings.
11, 15, 23, 29, 19, 22, 21, 20, 15, 25, 17
-Referring to Instruction 3-2,the third quartile of the carbohydrate amounts is _____________ grams.
Supply
The sum of a certain item or service that consumers can obtain.
Equilibrium Quantity
The quantity of goods or services supplied that is equal to the quantity demanded at the market price.
Equilibrium Price
The market price at which the quantity of goods supplied is equal to the quantity of goods demanded, resulting in no surplus or shortage.
Supply Increases
A condition in which the quantity of goods and services offered by businesses rises, often leading to lower prices if demand remains constant.
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