To Find Out the Effect of Price on Sales of a Particular

question 4

Multiple Choice

To find out the effect of price on sales of a particular brand, the most appropriate research design would be

• A) exploratory research
• B) causal research
• C) descriptive research
• D) primary research
• E) none of the above

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Definitions:

Emission Standards

Regulations set by governments to limit the amount of pollutants that can be emitted into the environment by automobiles, factories, and other sources.

Quantity Supplied

The quantity of a product or service that suppliers are ready and capable of offering for sale at a specific price point.

Supply Curve

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

Technology

The application of scientific knowledge for practical purposes, especially in industry and in the creation of inventions and software.