When Does a Researcher Focus the Research Question When His/her

question 49

Multiple Choice

When does a researcher focus the research question when his/her research uses quantitative data?

• A)early in the process
• B)proceed slowly and focus on a research question after s/he gathers data
• C)once the research is exactly 25 percent complete
• D)never

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Definitions:

Demand Curve

A graphical representation of the relationship between the price of a good or service and the quantity demanded for a given period.

Elastic

A term used in economics to describe a situation where the quantity demanded or supplied of a good or service is highly responsive to changes in its price.

Substitutes

Goods or services that can replace each other in use, where an increase in the price of one leads to an increase in demand for the other.

Industry Supply Curve

A graphical representation showing the relationship between the price of a good and the total output of that good supplied by an industry at various price levels.