The Purpose of Researchers Identifying Issues and Gaps in Their

question 8

Multiple Choice

The purpose of researchers identifying issues and gaps in their field of research is so that they can

• A) determine the significance of their own research.
• B) easily present their proposals.
• C) showcase their other research work.
• D) easily discuss the issues with their colleagues.

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Definitions:

Cross Price Elasticity

A gauge of the responsiveness in the demand for a specific product due to fluctuations in the pricing of another product.

Midpoint Method

A technique used in economics for calculating elasticity by averaging the starting and ending prices and quantities.

Cross-Price Elasticity

Measure of how the quantity demanded of one good responds to a change in the price of another good.

Positive

Affirmative, constructive, or based on factual data; often used in reference to positive statements in economics which describe the world as it is, rather than how it should be.