In Single-Stage Sampling

question 22

Multiple Choice

In single-stage sampling

• A) different levels of sampling are utilized
• B) only one characteristic of the sample is measured
• C) the sampling units and elements are the same
• D) the sample is larger than the population

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Definitions:

Elasticity Of Supply

A measure of how much the quantity supplied of a good changes in response to a change in price.

Shifting Resources

The process of reallocating resources from one use to another, often in response to changes in market conditions or economic priorities.

Production Process

The series of steps and operations involved in the manufacturing of a product or the delivery of a service.

Price Inelastic

Describes a situation in which the demand for a good or service changes little with a change in price.