Illustrate what type of data collection should be selected

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Reference no: EM1380402

Q. As we have recently experienced, instability in price of gasoline has created sudden increases in prices. Mostly se increases are from changes in supply, but can gas companies pass all increases along to consumer? Some of gas companies would like to discover or test elasticity of demand or at illustrate what price will consumers stop buying gas also choose alternatives like carpools, public transportation or riding a bicycle.

a). State problem to be solved.

b). illustrate what type of research design(s) will be used.

c). illustrate what type of data collection should be selected.

d). Choose a measurement for this study also Explain why.

Reference no: EM1380402

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