Which of the Following Is NOT a Reason for Using

question 18

Multiple Choice

Which of the following is NOT a reason for using rating scales?

• A) to decrease objectivity
• B) to provide structure
• C) to allow standardized comparisons to be made
• D) to increase reliability

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Definitions:

Demand Is Elastic

A condition where the quantity demanded of a good or service is sensitive to changes in its price, illustrating a greater than proportional response.

Total Revenue

The total amount of money generated by the sale of goods or services before any costs are subtracted.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price level in a given time period.

Total Revenue

The total amount of money generated by the sale of goods or services before any expenses are subtracted.