When Lupe Argued That One of the Questions on the Five-Alternative

question 54

Multiple Choice

When Lupe argued that one of the questions on the five-alternative test was unfairly difficult, the teacher simply replied by saying that the item .60.difficulty was optimal at

• A).50.
• B).60.
• C).625.
• D).70.

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Definitions:

Law Of Demand

The economic principle stating that as the price of a good or service increases, consumer demand for the good or service will decrease, and vice versa.

Income Increases

A situation wherein individuals or entities experience a rise in their earnings or profits over a certain period.

Inferior Good

A type of good for which demand decreases as the income of consumers increases, in contrast to a normal good.

Law Of Demand

A fundamental principle stating that, all else being equal, as the price of a product decreases, the quantity demanded increases, and vice versa.