Which Term Refers to a Research Technique in Which a Sample

question 34

Multiple Choice

Which term refers to a research technique in which a sample is interviewed in some form or the behavior of respondents is observed and described in some way?

• A)experiment
• B)observation study
• C)survey
• D)personal interview

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Definitions:

Quantity Demanded

The amount of a good or service that consumers are willing and able to purchase at a given price.

Demand Schedule

A table that shows the quantity of a good or service that consumers are willing and able to purchase at different prices.

Equilibrium Price

The price at which the quantity of a good or service demanded equals the quantity supplied, resulting in market balance.

Surplus

An excess of production or supply over demand, often leading to a decrease in prices.