If the Quantity of a Good Supplied Is Not Very

question 11

Multiple Choice

If the quantity of a good supplied is not very sensitive to the price of the good, this is illustrated by a

• A) demand curve that is relatively flat (more horizontal).
• B) demand curve that is relatively steep (more vertical).
• C) supply curve that is relatively flat (more horizontal).
• D) supply curve that is relatively steep (more vertical).

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Definitions:

Divergent Validity

A measure of validity that ensures an assessment does not strongly correlate with tests from unrelated constructs, thus proving its specificity.

Operational Definition

Definition of a concept that specifies the method used to measure or manipulate the concept.

Reactive Validity

The extent to which the act of measuring influences the measurement or behavior being observed.

Construct Validity

Construct validity is the extent to which a test measures what it claims to be measuring, reflecting the accuracy of an operationalization of a theoretical construct.