Which Is NOT a Major Shortcoming of Self-Reports

question 107

Multiple Choice

Which is NOT a major shortcoming of self-reports?

• A)Standardizing the self-report measure results in difficulty in comparing the responses of two different individuals who have completed the self-report.
• B)Respondents may give socially desirable answers so the researchers think more positively of them.
• C)They are difficult to use with very young children.
• D)Language abilities between people of different ages can make interpretation of results difficult.

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Definitions:

Elasticity of Demand

A determination of the responsiveness of consumer interest in a good due to price fluctuations.

Unit Elasticity

Describes a scenario in demand or supply where the percentage change in quantity demanded or supplied is equal to the percentage change in price.

Total Revenue

The total income generated by a firm from its sales of goods or services, calculated as quantity sold times price.

Elastic

A term used to describe a situation where the demand or supply for a good or service significantly changes in response to a change in price.