Which of the Following Represent Potential Problems with the Use

question 70

Multiple Choice

Which of the following represent potential problems with the use of open-ended questions?

• A) possibility of misunderstanding and researcher bias
• B) they can be quickly completed by the respondent
• C) they do not limit the responses received
• D) they result in lack of uniformity of answers

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Definitions:

Utility Function

A mathematical representation of how different goods or bundles of goods provide satisfaction or utility to a consumer.

Substitution Effect

The change in the consumption of goods as a result of a change in their relative prices, holding the consumer's utility level constant.

Income

The financial gain received by an individual or business, typically expressed as a total earnings or profit.

Price

The amount of money required to purchase a good or service, or the value that consumers are willing to pay for it.