A Change in Quantity Supplied Is Reflected by a Movement

question 202

True/False

A change in quantity supplied is reflected by a movement along the same supply curve while a change in supply refers to a shift in the entire supply curve.

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Definitions:

Concurrent Validity

The extent to which test results correlate with those of previously established tests of the same ability or trait.

Content Validity

The extent to which a test represents all facets of the concept or constructs it is supposed to measure.

Predictive Validity

The extent to which a score on a test or assessment predicts future performance on a related task or outcomes.

Content Validity

The degree to which test items are representative of the content it aims to cover.