Missing Data May Occur When a Respondent Simply Does Not

question 36

True/False

Missing data may occur when a respondent simply does not see a question, or is in a hurry to complete the survey and simply skips a question.

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Definitions:

Price

The cost at which goods or services are offered to consumers.

Surplus Amount

The excess of supply over demand in a market, resulting in downward pressure on prices.

Consumer Surplus

The discrepancy between what consumers are ready and capable of paying for a product or service and the actual amount they end up paying.

Price Falls

A decrease in the market price of goods or services, often due to increased supply, reduced demand, or other market dynamics.