In a Market Experiment

question 37

Multiple Choice

In a market experiment:

• A) the seller changes those variables that are anticipated to be determinants of the quantity sold of a product.
• B) consumers fill out questionnaires that ask how they would react if the seller changes those variables that are anticipated to be determinants of the quantity sold of a product.
• C) interviewers fill out questionnaires that ask how consumers would react if the seller changes those variables that are anticipated to be determinants of the quantity sold of a product.
• D) those variables that are anticipated to be determinants of the quantity sold of a product are held constant by the seller while other variables within the demand function are changed.
• E) non-price variables within the demand function are changed to see how consumers will react.