Closed-Ended Questions May Not Include All the Respondents' Opinions and Are

question 64

True/False

Closed-ended questions may not include all the respondents' opinions and are, therefore, another source of potential research bias.

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Definitions:

MU/P

The ratio of marginal utility (MU) to price (P), representing the additional satisfaction gained per unit of currency spent.

Less Of

A comparative term indicating a reduced quantity or degree of something.

Marginal Utility

The additional satisfaction or utility that a consumer receives from consuming an additional unit of a good or service.

Money Income

The total amount of monetary earnings or receipts accruing to an individual or household from various sources before any deductions like taxes.