If a User Clicks on a Graph in Microsoft Excel

question 53

True/False

If a user clicks on a graph in Microsoft Excel, it will show a special tab called Chart Tools that can be used to customize the graph.

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Definitions:

Elastic Demand

A scenario where the quantity demanded of a product is highly sensitive to changes in its price.

Quantity Demanded

The total amount of a good or service consumers are willing and able to purchase at a specific price.

Total Revenue

The total income a company receives from selling its products or services before any expenses are subtracted.

Income Elasticity

A measure of how much the demand for a good or service changes with a change in the consumer's income.