Analytic Induction Is an Approach to Qualitative Data Analysis in Which

question 9

True/False

Analytic induction is an approach to qualitative data analysis in which universal explanations of phenomena are sought by the collection of (qualitative)data until no cases that are inconsistent with a hypothetical explanation of a phenomenon are found.

---

Definitions:

Competitive Supply

The total quantity of a good or service that is available to consumers, determined by the sum of all individual suppliers’ quantities at each price level in a competitive market.

Elasticity of Supply

An evaluation of the extent to which the amount of a good provided alters as a result of variations in its price.

Equilibrium Price

The price at which the quantity of goods supplied equals the quantity of goods demanded.

Linear Supply

A supply relationship showing a direct, constant increase in quantity supplied as price increases.