A ______ Is a Reusable Block of JavaScript Statements

question 42

Multiple Choice

A ______ is a reusable block of JavaScript statements.

• A) property
• B) method
• C) variable
• D) function

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Definitions:

Price Elasticity

How the requirement for a good shifts in relation to changes in its pricing.

Midpoint Method

A technique used to calculate elasticity by taking the average of the initial and final quantities and the initial and final values.

Total Revenue

The total income received by a firm from its sales of goods or services, calculated as the unit price times the quantity sold.

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity demanded by consumers.