Kathy Took a Test on Monday and Again on Friday

question 81

Multiple Choice

Kathy took a test on Monday and again on Friday. Her two scores differed by only three points. These results may indicate a good level of what type of reliability?

• A) Test-retest
• B) Split-half
• C) Internal consistency
• D) Alternate-form

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Definitions:

Elasticity

A measure of how much the quantity demanded or supplied of a good responds to a change in price, income, or other related factors.

Price Ranges

The spread between the lowest and highest price at which a good or service is sold in a market.

Price Elasticity

A calculation that shows the impact of price changes on the quantity of a good that is demanded.

Price Increase

A rise in the cost of goods or services, affecting the purchasing power of consumers.