When Quantity Demanded Decreases at Every Possible Price,the Demand Curve

question 134

Multiple Choice

When quantity demanded decreases at every possible price,the demand curve has

• A)shifted to the left.
• B)shifted to the right.
• C)not shifted;rather,we have moved along the demand curve to a new point on the same curve.
• D)not shifted;rather,the demand curve has become flatter.

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Definitions:

Stanford-Binet

An intelligence test designed to measure human intelligence and cognitive abilities, developed as a revision of the Binet-Simon scale.

Reliability

The degree to which test scores are free from errors of measurement, also, the capacity of an instrument to provide consistent results. See “test-re-test,” “alternative forms,” and “internal consistency”.

Validity

The degree to which all of the accumulated evidence supports the intended interpretation of test scores for the intended purpose. Validity is a unitary concept that attempts to answer the question: How well does a test measure what it’s supposed to measure?

Guilford's Cognitive

Refers to a model developed by psychologist Joy Paul Guilford that categorizes human intelligence into operations, contents, and products.