To Determine the Effect of Change in Ticket Price on Attendance

question 55

Multiple Choice

To determine the effect of change in ticket price on attendance, a market researcher may devise a laboratory experiment in which fans are offered the opportunity to purchase a ticket at a variety of prices. In this experiment, price would be the

• A) independent variable.
• B) effect variable.
• C) dependent variable.
• D) result variable.
• E) extraneous variable.

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Definitions:

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Formally ordered or adjudged by a court.

State

A political entity with a centralized government that has sovereignty over a geographical area and maintains a monopoly on the legitimate use of force within that area.

Shareholder

An individual or institution that owns at least one share of a company's stock, making them a partial owner.

Creditor

A person or institution to whom money is owed.