Figure 9-13 -Refer to Figure 9-13.Consumer Surplus After Trade Is

question 39

Multiple Choice

Figure 9-13
-Refer to Figure 9-13.Consumer surplus after trade is

• A)$3,600.
• B)$5,400.
• C)$7,200.
• D)$8,100.

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Definitions:

Validity

The extent to which a test or instrument measures what it claims to measure.

Reliability

How much a testing tool generates consistent and stable outputs over various times.

Validity

Refers to the extent to which a concept, conclusion or measurement is well-founded and likely corresponds accurately to the real world.

Accuracy

The degree to which a measurement or estimation matches the true value or standard.