If Consumers Often Purchase Muffins to Eat While They Drink

question 127

Multiple Choice

If consumers often purchase muffins to eat while they drink their lattés at local coffee shops,what would happen to the equilibrium price and quantity of lattés if the price of muffins rises?

• A)Both the equilibrium price and quantity would increase.
• B)Both the equilibrium price and quantity would decrease.
• C)The equilibrium price would increase,and the equilibrium quantity would decrease.
• D)The equilibrium price would decrease,and the equilibrium quantity would increase.

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Definitions:

Predictive Validity

The degree to which a test or scale score forecasts future results in a connected activity or result.

Test Validity

The extent to which a test accurately measures what it is supposed to measure.

Reliability

The extent to which a measurement instrument yields reliable and uniform outcomes.

Validity

The degree to which an idea, inference, or measurement is substantiated and probably accurately reflects reality.