Examlex
In his study about an existing product in the market,Duncan limited his study only to those respondents who had been using the product for at least a year and were willing to be interviewed.In this scenario,Duncan used the _____ strategy to select the sample for his study.
Substitutes
Products or services that can be used in place of each other, offering consumers choices in the marketplace.
Negative Relationship
A situation or condition in which an increase in one variable leads to a decrease in another variable.
Quantity Demanded
The total amount of goods or services that consumers are willing and able to purchase at a given price over a specific time period.
Demand Curve
The demand curve is a graphical representation showing the relationship between the price of a good and the quantity demanded by consumers, typically downward sloping.
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