Mail Surveys Are Particularly Vulnerable to a Problem That Arises

question 64

Multiple Choice

Mail surveys are particularly vulnerable to a problem that arises when not all respondents complete and return the survey.This problem is called

• A) selection bias.
• B) reactivity.
• C) low response rate.
• D) social undesirability.

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Definitions:

Equilibrium Price

The rate at which the amount of a product supplied matches the amount of the product demanded.

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, resulting in a stable market condition.

Demand Equation

A mathematical formula representing the relationship between the quantity demanded of a good and its price, along with other factors like income and price of related goods.

Supply Equation

An algebraic expression representing the relationship between the quantity supplied of a good and its price, along with other factors like the cost of inputs.