The Data Collected from Which of the Following Sources Can

question 8

Multiple Choice

The data collected from which of the following sources can be considered primary data?

• A)magazines
• B)focus groups
• C)the Wal Street Journal
• D)the Department of Foreign Affairs and Trade
• E)the Canadian News Index

---

Definitions:

Equilibrium Quantity

The quantity of goods or services supplied and demanded at the point where supply equals demand.

Total Surplus

The total net gain to society from the creation and utilization of a product or service, expressed as the combined value of consumer surplus and producer surplus.

Positively Sloped

Characterizes a line or curve on a graph that moves upward as one moves from left to right, indicating a direct relationship between two variables.

Negatively Sloped

Describes a downward trend in a graph, indicating an inverse relationship between two variables, such as price and demand.