5. The cross elasticity of demand between Product M and Product N is positive. What is the correct description of both Product M and Product N ? Complementary goods Veblen goods Giffen goods Substitute goods
5. The cross elasticity of demand between Product M and Product N is positive.
What is the correct description of both Product M and Product N ?
- Complementary goods
- Veblen goods
- Giffen goods
- Substitute goods
6. Termina plc operates a large shop which is situated within a busy shopping centre run by Ittily plc. Termina plc’s researcher is gathering data to analyse football (who comes into the shop and what they do there). The researcher has collected data on:
(1). the number and value of transactions, from the shop’s computerised tills
(2). the type (eg age and gender) and grouping (eg alone or in families) of individuals in the shopping centre, by viewing video images from Ittily plc’s CCTV
(3). the number and timing of individuals entering the shopping centre, from Ittily plc’s sensors at the entrance
What types of data is Termina plc collecting ?
- A. (1) quantitative data from an internal source; (2) qualitative data from an external source; (3) quantitative data from an external source
- (1) quantitative data from an external source; (2) quatitative data from an external source; (3) quantitative data from an internal source
- (1) quantitative data from an internal source; (2) quatitative data from an external source; (3) qualitative data from an external source
- (1) quanlitative data from an internal source; (2) qualitative data from an internal source; (3) qualitative data from an internal source
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