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The district is considering changing the achievement tests that they administer. A new alternative test is much shorter and if valid to measure student achievement could save substantial instructional time. This year the school will administer both tests and assess the ____________ validity.
Elasticity Of Demand
A measure of how much the quantity demanded of a good responds to a change in the price of that good, quantitatively measured as the percentage change in quantity demanded relative to a percentage change in price.
Elasticity Of Supply
A measure of how much the quantity supplied of a good changes in response to a change in its price.
Tax Revenue
It's the income that is collected by governments through taxation.
Excise Tax
A tax on specific goods, such as alcohol and tobacco, typically imposed at the point of manufacture or sale.
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