Which of the Following Is an Example of Primary Data

question 1

Multiple Choice

Which of the following is an example of primary data?

• A) internet research
• B) Nielsen ratings
• C) internal company data
• D) published industry standards
• E) none of the above

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Definitions:

Equilibrium Price

The price at which the quantity of goods supplied is equal to the quantity of goods demanded; also known as market-clearing price.

Equilibrium Quantity

At the market equilibrium price, the amount of goods or services available matches the amount that is demanded.

Inferior Good

An economic term for a good whose demand decreases as the consumer's income increases, contrasting with normal goods.

Equilibrium Quantity

The quantity of goods or services supplied that is equal to the quantity demanded at the market price.