Defining Variables in Measurable Terms Is Called ____

question 19

Multiple Choice

Defining variables in measurable terms is called ____.

• A)regression
• B)validity
• C)operationalization
• D)variability

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Definitions:

Units Sold

The number of individual items or products that have been sold over a specific period.

Elasticity

A measure of how much the quantity demanded or supplied of a good or service changes in response to price or other factors.

Tax Burden

Refers to the economic impact of taxes on an individual, corporation, or market, often measured as a percentage of income or GDP.

Price Elastic

A measure of the responsiveness of the quantity demanded or supplied of a good to a change in its price.