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Buying jeans can be a challenge for women.A local shop owner wants to be selective in what brands of jeans she carries in her store.She gets six of her closest friends to try five different pairs of jeans, with the requirement that they wear each pair for two whole days, without washing, and they rate the jeans at the end of the second day.What research design should she use to analyze her data?
Total Revenue
The total income generated by a business from the sale of goods and services before any costs or expenses are deducted.
Price Decrease
refers to a reduction in the cost of a good or service, which can lead to an increase in demand due to the law of demand, assuming other factors remain constant.
Unit Elastic
A situation in which the percentage change in quantity demanded or supplied is equal to the percentage change in price.
Total Revenue
The total amount of money generated by the sale of goods or services before any costs are deducted.
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