Which of the Following Is NOT a Measure of Threshold

question 4

Multiple Choice

Which of the following is NOT a measure of threshold?

• A)absolute threshold
• B)difference threshold
• C)just noticeable difference
• D)separation threshold

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Definitions:

Quantity Supplied

The total amount of a good or service that producers are willing and able to sell at a given price in a specific time period.

Equilibrium Price

The price at which the quantity of goods demanded equals the quantity of goods supplied, commonly referred to as the market-clearing price.

Tax

A mandatory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund various public expenditures.

Equilibrium Prices

The price at which the quantity of a good supplied equals the quantity demanded, balancing the market and clearing any surplus or shortage.