An Even Number of Categories Is Preferred When a Respondent

question 62

True/False

An even number of categories is preferred when a respondent can legitimately adopt a neutral position.

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Definitions:

Producer Surplus

The difference between the amount producers are willing to sell a good for and the actual amount they receive.

Equilibrium

A state in which market supply and demand balance each other, resulting in stable prices.

Market

Any structured exchange where buyers and sellers interact to trade goods, services, or information.

Price

The capital amount projected, necessary, or handed over in trade for something.