An Increase in Both the Equilibrium Price and the Equilibrium

question 17

Multiple Choice

An increase in both the equilibrium price and the equilibrium quantity of DVD players is best explained by:

• A)an increase in the demand for DVD players.
• B)an increase in the supply of DVD players.
• C)a decrease in the supply of DVD players.
• D)a decrease in the demand for DVD players.

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Definitions:

Content Validity

A measure of how well test items represent the domain they're intended to assess, ensuring the test is comprehensive and relevant.

Face Validity

Superficial observation that a test appears to cover the correct content or domain. This is not an actual form of validity since the appearance of test items may or may not accurately reflect the domain.

Pilot Study

A small-scale preliminary study conducted to evaluate feasibility, time, cost, risk, and adverse events, used to improve the design of a future full-scale research project.

Cross-Cultural Fairness

In assessment or testing, the principle of ensuring that tools and practices are equitable and do not favor one cultural group over others.