A collection of bits, usually 8, is known as a

Inelastic demand for a product means that if the product's price goes up, demand for it increases, but if a product's price goes down, demand decreases

Indicate whether the statement is true or false

Which of the following is not an advantage of online focus groups over traditional focus groups?

A) no physical set up is necessary B) participants do not all have to be from the same location C) participants are comfortable in their homes/offices D) participants' "body language" can be easily observed