The Open-Ended Response Format Can Be Used in the Pretest

question 29

True/False

The open-ended response format can be used in the pretest to determine appropriate response categories for what will become a multiple-response question in the final questionnaire.

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Definitions:

Producer Surplus

The difference between what producers are willing to accept for a good and the actual amount they receive.

Minimum Imposed Price

A price floor set by the government or an agency, below which the price of a product cannot legally fall.

Quantity Supplied

The amount of a good or service that producers are willing and able to sell at a given price over a specified period of time.

Quantity Demanded

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