________ Is a Type of Validity That Assesses the Relationship

question 61

Multiple Choice

________ is a type of validity that assesses the relationship between theoretical constructs.It seeks to confirm significant correlations between the constructs as predicted by theory.

• A)Convergent validity
• B)Discriminant validity
• C)Nomological validity
• D)Concurrent validity

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Definitions:

Price Elasticity Of Demand

The ratio of the percent change in the quantity demanded to the percent change in the price as we move along the demand curve.

Price Discrimination

The approach of marketing identical products to various customers at various prices, determined by their readiness to pay.

Network Externalities

The effect that an additional user of a good or service has on the value of that product to others.

Value Of The Good

The importance, worth, or usefulness of a good to consumers, often reflected in the price they are willing to pay.