Which Scientific Method Focuses on Testing Hypotheses Developed from Theory

question 5

Multiple Choice

Which scientific method focuses on testing hypotheses developed from theory?

• A) inductive
• B) deductive
• C) scientific inquiry
• D) empirical model

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Definitions:

Demand

The total quantity of goods or services that consumers are willing and able to purchase at a given price level in a market.

Supply

The total amount of a specific good or service that is available to consumers in a market at a given time and price.

Elastic

Describes a situation in which a change in price leads to a significant change in the quantity demanded or supplied of a good or service.

Supply

The total amount of a good or service that is available to consumers at a given price level and time.