When Working as a Summer Intern for a Local Retail

question 72

Multiple Choice

When working as a summer intern for a local retail store, Jan Halverson was sent to the library to look up data on population forecasts for the city of San Antonio. The population information she found would be considered

• A) primary data.
• B) secondary data.
• C) information data from syndicated research services.
• D) secondhand data.
• E) a primary database.

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Definitions:

Unit Elastic

A situation where a change in price leads to an equivalent proportional change in quantity demanded or supplied.

University Chamber Music Society

An organization within a university that promotes the performance and appreciation of chamber music among students and the community.

Inelastic

Refers to a situation where the demand or supply for a good or service is not significantly altered by changes in price.

Concerts

Public performances of music by artists in front of an audience.