Exhibit 4-5

question 176

Multiple Choice

Exhibit 4-5
-In Exhibit 4-5, which of the following is true at the price ceiling, P?

• A)The excess quantity supplied equals 300 gallons.
• B)The excess quantity demanded equals 300 gallons.
• C)The excess quantity supplied equals 500 gallons.
• D)The excess quantity demanded equals 800 gallons.
• E)Sales will be equal to 800 gallons.

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Definitions:

Language Barriers

Communication obstacles that occur when people do not share a common language, affecting understanding and interaction.

Internal Structure

The correlations between items and the total test score, including the pattern of correlations.

Culture Fair Intelligence Test

An intelligence test designed to minimize biases arising from cultural or linguistic differences among test-takers.

Fluid Ability

The aspect of intelligence that involves the ability to deal with new and unusual problems without relying on previous knowledge.