If All of the Alternatives in Rank-Order Scales Are Not

question 16

True/False

If all of the alternatives in rank-order scales are not included in the list of alternatives to be ranked,the results of the study can be very misleading or even wrong.

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Definitions:

Demand Curves

Graphical representations showing the relationship between the price of a good or service and the quantity demanded by consumers at those prices.

Midpoint Method

The midpoint method is a technique used in economics to calculate the elasticity of a variable with respect to another, using the midpoint between two points on a curve to avoid bias from using either endpoint.

Absolute Value

A numerical value without regard to its sign, symbolized as |x|, representing the distance of a number on the number line from the origin.

Percentage Change

Percentage change is a mathematical calculation that shows how much a specific number has increased or decreased, expressed as a percentage of its previous value.