Which of the Following Could Be Examined Using Empirical Research

question 171

Multiple Choice

Which of the following could be examined using empirical research?

• A) Bigfoot
• B) the Loch Ness Monster
• C) vampires
• D) great white sharks

---

Definitions:

Complements

Products or services that are commonly consumed in conjunction with one another, where a rising demand for one results in a corresponding increase in demand for the other.

Substitutes

Goods or services that can replace each other in use, where a rise in the price of one leads to an increase in demand for the other.

Complements

Goods or services that are often used together, where an increase in demand for one leads to an increase in demand for the other.

Substitute Good

A product or service that consumers can use in place of another product or service, influenced by changes in prices, tastes, and other factors.