Which of the Following Is Not a Major Step in the Process

question 72

Multiple Choice

Which of the following is not a major step in the process of modeling with spreadsheets?

• A) Plan.
• B) Build.
• C) Test.
• D) Analyze.
• E) All of the answer choices are major steps.

---

Definitions:

Substitute Good

A product or service that can be used in place of another to satisfy consumer needs or desires.

Demand Curve

A graph illustrating the quantity of a good that consumers are willing and able to purchase at various prices, typically downward sloping.

Demand Curve

A graph showing the relationship between the price of a good and the amount of it that consumers are willing to purchase at each price point.

Demand Curve

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