Regarding the Normal Curve,which of the Following Statements Is FALSE

question 172

Multiple Choice

Regarding the normal curve,which of the following statements is FALSE?

• A)Relationships between the standard deviation and the normal curve do not change.
• B)A normal curve represents the distribution of chance events.
• C)A normal curve shows that a low number of people score near the middle of a distribution.
• D)A normal curve is applicable to a wide range of psychological variables and traits.

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Definitions:

Perfectly Inelastic

A demand situation where the quantity demanded does not change in response to price changes.

Elastic

A characteristic of a demand or supply curve which shows a high responsiveness to changes in price.

Inelastic

Refers to a condition in which the demand or supply of a product or service remains largely unaffected by variations in its price.

Pure Monopolist

A market scenario where a single company or entity exclusively controls the entire supply of a particular product or service, without any close substitutes or competition.