Which Action Could Cause the Price Ceiling Shown in the Graph

question 127

Multiple Choice

Which action could cause the price ceiling shown in the graph to become non-binding?

• A)An increase in demand (shift to the right)
• B)A decrease in demand (shift to the left)
• C)A decrease in supply (shift to the left)
• D)None of these would cause the price ceiling to become non-binding.

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Definitions:

Content Validity

The degree to which a test or measurement accurately represents the concept it intends to measure, based on the thoroughness of the content included.

Concurrent Validity

The extent to which test results correlate with those of previously established tests of the same ability or trait.

Content Validity

The extent to which a test represents all facets of the concept or constructs it is supposed to measure.

Predictive Validity

The extent to which a score on a test or assessment predicts future performance on a related task or outcomes.