Which Type of Graph Represents the Data by Using Vertical

question 29

Multiple Choice

Which type of graph represents the data by using vertical bars of various heights to indicate frequencies?

• A) ogive
• B) frequency polygon
• C) histogram
• D) cumulative frequency

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Definitions:

Midpoint Method

A technique used in economics for calculating elasticity by averaging the starting and ending prices and quantities.

Cross-Price Elasticity

Measure of how the quantity demanded of one good responds to a change in the price of another good.

Positive

Affirmative, constructive, or based on factual data; often used in reference to positive statements in economics which describe the world as it is, rather than how it should be.

Good Y

A general term used to represent a specific product or commodity in economic models or discussions.