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Of the following physical fitness tests, which represents the best field data available in the United States in terms of validity of the sample and reliability of the data?
Equilibrium Price
The cost level where the amount of a product or service that consumers want to buy equals what is available, resulting in a balanced market situation.
Supply Curve
A graphical representation showing the relationship between the price of a good or service and the quantity supplied.
Elasticity Coefficients
Numerical measures that indicate how much the quantity demanded or supplied of a good responds to changes in price, income, or other factors.
Total Revenue
The total income generated from the sale of goods or services before any expenses are subtracted.
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