Which Type of Question Uses Information Already Established to Clarify

question 8

Multiple Choice

Which type of question uses information already established to clarify points and ask for more detail?

• A) open
• B) closed
• C) probing
• D) leading

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Definitions:

Substitution Effect

The change in consumption patterns due to a change in the relative price of goods, leading consumers to substitute away from higher-priced goods toward lower-priced ones.

Income Effect

How an adjustment in income levels for individuals or the economy affects the demand for goods or services.

Engel Curve

A graphic representation showing how a consumer's demand for a good varies with income, keeping other factors constant.

Strictly Convex Preferences

Preferences where consumers always prefer mixtures of goods to extremes, demonstrating a consistent desire for variety.