If a Measurement Is Written as (QUAN)qual,that Means That ______

question 8

Multiple Choice

If a measurement is written as (QUAN) qual,that means that ______.

• A)the qualitative measure is primary
• B)the quantitative measure is secondary
• C)the quantitative and qualitative measure are concurrent
• D)the qualitative measure is secondary

---

Definitions:

Consumer Equilibrium

A scenario in which a consumer has distributed their income to achieve the greatest satisfaction, considering the prices of goods and services.

Budget Constraint

A representation of all the combinations of goods and services that a consumer can afford to purchase at given prices within their income level.

Utility

In economics, utility refers to the total satisfaction received from consuming a good or service.

Indifference Curve

A graph showing different bundles of goods between which a consumer is indifferent, meaning the consumer has no preference for one bundle over another.