The Strongest Possible Manipulation Should Not Be Used If It

question 11

Multiple Choice

The strongest possible manipulation should not be used if it results in

• A) extreme,unrealistic situations.
• B) statistically nonsignificant data.
• C) floor effects.
• D) ceiling effects.

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Definitions:

Price Elastic

An indicator of the responsiveness of the demand for a product to fluctuations in its price.

Substitutable

Describes goods or services that can serve as replacements for each other, fulfilling similar needs or desires for consumers.

Unit-elastic

Unit-elastic refers to a situation in which the percentage change in quantity demanded or supplied is equal to the percentage change in price.

Elasticity

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