The figure above shows the price of a DVD player from 1996 to 2000. a. What type of graph is illustrated above? b. What is the trend in the price of a DVD player?
What will be an ideal response?
a. The graph is a time-series graph because it plots time along the horizontal axis and the price of a DVD player along the vertical axis.
b. The trend in the price of a DVD player is negative, that is, the price of a DVD player has generally decreased from one year to the next.
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Do interest rates fluctuate in response to the Fed's actions?
What will be an ideal response?
In 2009, our current account deficit was $__________ billion.
Fill in the blank(s) with the appropriate word(s).
Under Roosevelt's definition, poverty has remained about the same since 1936
Indicate whether the statement is true or false
In long-run equilibrium for a monopolistically competitive firm, the firm's ________ curve is just tangent to its average total cost curve.
A. demand B. supply C. marginal revenue D. marginal cost