The Histogram Below Represents the Height (In Inches)of the Gold

question 67

Multiple Choice

The histogram below represents the height (in inches) of the gold medal-winning high jumps for the Olympic Games up to Sydney 2000. What is approximately the percentage of these winning jumps that were at least 7 feet and1 inch high (85 inches) ?

• A)9%
• B)14%
• C)23%
• D)35%

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Definitions:

Long-Run Equilibrium

A state in which all aspects of the economy, including supply and demand, are in balance, and all economic agents have fully adjusted to any changes.

Decrease in Demand

refers to a situation where consumers' desire and ability to purchase a product or service diminishes, leading to a downward shift in the demand curve.

Short Run

A time period in economics during which at least one input (such as plant size) is fixed and cannot be changed.

Long Run

A period of time in economics during which all factors of production and costs are variable, allowing full adjustment to changes.