The Most Common Method of Taste Testing Is Paired Comparison

question 81

Multiple Choice

The most common method of taste testing is paired comparison.A minimum of ________ responses is considered an adequate sample.

• A)500
• B)1000
• C)2000
• D)4000

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Definitions:

Market Equilibrium

A situation in a market where the quantity of a product demanded by consumers equals the quantity supplied by producers, leading to a stable price.

Competitive Industry

An industry characterized by a large number of firms competing with each other to provide goods or services to consumers.

Market Demand

The total quantity of a product or service that consumers are willing and able to purchase at various prices during a specified time period.

Market Equilibrium

A state in a market where the quantity demanded by consumers equals the quantity supplied by producers, leading to a stable price.