Thus the mid-range, which is an unbiased and sufficient estimator of the population mean, is in fact the UMVU: using the sample mean just adds noise based on the uninformative distribution of points within this range. Conversely, for the normal distribution, the sample mean is the UMVU estimator of the mean.
This flatter curve means that the good or service in question is elastic. Meanwhile, inelastic demand is represented with a much more upright curve as quantity changes little with a large movement in price. Elasticity of supply works similarly.
(1 point) The supply curve moves to the left. The supply curve moves to the right. The quantity demanded rises. The quantity supplied rises. Weegy: ... demand curve shifts either to the left or to the right ... in supply of, and demand for, goods and services affect prices and ...[ rates affect the quantity of money demanded ...he supply curve moves to the right. The quantity demanded rises. The quantity supplied rises. Weegy: ... demand curve shifts either to the left or to the right ... in supply of, and demand for, goods and services affect prices and ... [ rates affect the quantity of money demanded ...