Which Statement Is True Concerning Constant Sum Scaling

question 1

Multiple Choice

Which statement is true concerning constant sum scaling?

• A)It does not have an absolute zero.
• B)It allows for fine discrimination among stimulus objects without requiring much time.
• C)Respondents may allocate more or fewer units than those specified.
• D)Both B and C are correct.

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Definitions:

Total Revenue

The total amount of money a firm receives by selling goods or services.

Substitutes

Goods or services that can be used in place of each other, offering similar benefits to consumers.

Elastic Demand

A situation where the demand for a product significantly changes in response to changes in its price.

Total Output

The total quantity of goods and services produced within an economy over a specific period of time.