The Two Basic Types of Studies Categorized as Descriptive Research

question 51

Multiple Choice

The two basic types of studies categorized as descriptive research include:

• A)Case analysis and experiments.
• B)Longitudinal studies and case analysis.
• C)Longitudinal studies and cross-sectional studies.
• D)Focus groups and case analysis.

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Definitions:

Direct Price Discrimination

A pricing strategy where a seller adjusts prices for different customers based on observable personal characteristics or willingness to pay.

Elastic Demand

A situation where the demand for a good or service greatly changes in response to changes in price.

Direct Price Discrimination

A pricing strategy where a seller charges different prices to different customers for the same product or service, based on their willingness to pay.

Inelastic Demand

A situation in which demand for a good or service is barely affected by changes in price.