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A Key Distinction of Quantitative Designs Is That When Securing

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A key distinction of quantitative designs is that when securing a sample, it is acceptable that the researcher's sampling plans change during the study (including the number, type, and description of the subjects to be studied).


Definitions:

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service versus the total amount that they actually pay.

Supply Curve

A graph showing the relationship between the price of a good and the quantity of that good that sellers are willing to supply.

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity demanded.

Actual Price

The price at which a good or service is sold, not considering discounts or adjustments.

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