A Time Series Graph Is Useful for Which of the Following

question 72

Multiple Choice

A time series graph is useful for which of the following purposes?

• A) representing relative frequencies of categories at a specific time
• B) representing the cumulative frequencies of the data at a specific time
• C) representing the frequencies of the data, sorted from largest to smallest
• D) representing the changing frequencies of a data category over a period time

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Definitions:

Good X

An unspecified product or commodity in economics, used in theoretical models and discussions.

Producer Surplus

The difference between the actual price producers receive for a product and the minimum price they would accept.

Supply Curve

A graphical representation of the relationship between the price of a good and the quantity supplied by producers.

Value

The importance or worth that is attached to something by individuals or society, often reflected in what people are willing to exchange or pay for it.