The Bias That Occurs Because Observations Were Not Made of All

question 120

Multiple Choice

The bias that occurs because observations were not made of all individuals selected for a sample is

• A)response bias
• B)selection bias
• C)sampling bias
• D)non-response bias
• E)measurement bias

---

Definitions:

Elasticity Coefficient

A measure that quantifies the responsiveness of the quantity demanded or supplied of a good to a change in one of its determinants, such as price.

Relative Change

The measure of change in a variable relative to its initial value, often expressed as a percentage.

Inelastic

Describes a situation where the quantity demanded or supplied of a good or service changes by a relatively small amount in response to changes in its price.

Quantity Demanded

The amount of a product or service consumers are willing and able to buy at a given price over a specified period of time.