On Any Graph,a Horizontal Line of Data Points Indicates That

question 44

Multiple Choice

On any graph,a horizontal line of data points indicates that

• A)the Y scores are changing as the X scores change,and there is a relationship present.
• B)the Y scores are not changing as the X scores change,and there is no relationship present.
• C)the independent and dependent variables have been placed on the wrong axes and should be reversed.
• D)every score is occurring with a different frequency.

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Definitions:

Economic Profits

The surplus remaining after deducting both explicit and implicit costs from total revenues, often indicating the profitability beyond normal returns.

Competitive Market

A market structure characterized by numerous buyers and sellers, such that no single market participant has the power to significantly influence prices.

Market Price

The current price at which a good or service can be bought or sold.

Total Revenue

The total income generated by the sale of goods or services by a company.