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Maurice is developing a new measure of psychopathy that he hopes to use in his research.His measure includes a series of psychiatric diagnoses and a well-thought out questionnaire.However,when compared to results of other proven measures of psychopathy,his results are incorrect.What kind of validity is lacking?
Inelastic
Characterizes a condition where a change in price leads to a relatively small change in the quantity demanded or supplied.
Price Elasticity of Demand
The responsiveness of the quantity demanded of a good to a change in its price, with all other factors being held constant.
Elastic
Describes a situation where the demand for a product significantly changes in response to changes in its price.
Absolute Value
A numerical value regardless of its sign, often represented as the distance of a number from zero on the numerical scale.
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