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According to Babbie,the minimum level for an adequate response rate for any type of survey is
Satisfaction
The contentment one feels when one's needs, desires, or expectations are fulfilled or surpassed.
Diminishing Marginal Utility
A principle stating that as a consumer consumes more of a good or service, the utility (satisfaction) gained from each additional unit decreases.
Supply Curves
Graphical representations that show the relationship between the price of a good and the quantity of the good that producers are willing to supply.
Demand Curves
Graphical representations showing the relationship between the price of a product and the quantity of the product that consumers are willing and able to purchase.
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