Other Things Equal,if the Price of a Good Falls,what Happens

question 192

Multiple Choice

Other things equal,if the price of a good falls,what happens to the consumer surplus

• A)It decreases.
• B)It falls to zero if price falls to zero.
• C)It increases.
• D)It falls to a minimum if price falls to zero.

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Definitions:

Lacks Validity

A term indicating that a measure or study does not accurately reflect or measure what it is supposed to.

Reliability

The degree to which a measurement, test, or instrument yields consistent results over time, contributing to its trustworthiness and accuracy.

Validity

The extent to which a test, measure, or research adequately reflects or assesses the specific concept it is intended to.

Indicators

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