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A researcher wants to measure the temperature (in degree Fahrenheit) inside a grocery store at which the customers feel most comfortable. Suggest a scale that the researcher can use. Why is it not possible to use the ratio scale in this case?
Daily Sales
The total volume or value of products and services sold within a single business day.
Demand Price Elasticity
The responsiveness of the quantity demanded of a good to a change in its price; it measures how consumers react to price changes.
Product Price
The amount of money charged for a good or service in the market.
Purchases Increase
A rise in the quantity of goods or services bought over a specific period of time.
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