We Cannot Predict the Effect on the Equilibrium Quantity, but Know

question 166

Multiple Choice

We cannot predict the effect on the equilibrium quantity, but know that the market clearing price will decrease when

• A) supply increases and demand decreases.
• B) supply decreases and demand increases.
• C) supply decreases and at the same time demand increases.
• D) supply increases and at the same time demand decreases.

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Definitions:

No Child Left Behind

A U.S. Act aimed at closing the achievement gap with accountability, flexibility, and choice, so that no child is left behind.

Norm-Referenced Testing

Testing that compares an individual's performance or scores to a norm group or standard to evaluate relative standing.

T Scores

Standardized scores on psychological and educational tests that have a mean of 50 and a standard deviation of 10, used to compare individual performance against a normative sample.

Sten Scores

Derived from the name “standard 10,” a standard score that is commonly used on personality inventories and questionnaires. Stens have a mean of 5.5 and a standard deviation of 2.