Pew Research Center Reports a Decline in Telephone Response Rates

question 86

Multiple Choice

Pew Research Center reports a decline in telephone response rates from ______ in 1997 to ______ in 2018.

• A) 55%; 21%
• B) 15%; 3%
• C) 80%; 16%
• D) 36%; 6%

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Definitions:

Supply Function

A mathematical relation showing the amount of goods a supplier is willing and able to provide to the market at various prices, holding all other factors constant.

Demand Function

A demand function quantifies the relationship between the price of a good and the quantity demanded by consumers, holding other factors constant.

Supply Curve

A supply curve graphically represents the relationship between the price of a good and the quantity of the good that producers are willing and able to supply, typically sloping upwards.

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded by consumers, typically sloping downward from left to right.