Refer to the Table Below A) Shortage; 20
B) Surplus; 50
C) Shortage; 30
D)

question 52

Multiple Choice

Refer to the table below. If the price of this good is $2.00, there would be a _________ of _________ units. $$\begin{array} { | l | l | l | } \hline \text { Price } & \begin{array} { l } \text { Quantity } \\\text { Demanded }\end{array} & \begin{array} { l } \text { Quantity } \\\text { Supplied }\end{array} \\\hline \$ 10.00 & 10 & 100 \\\hline \$ \$ .00 & 20 & 80 \\\hline \$ 6.00 & 30 & 60 \\\hline \$ 4.00 & 40 & 40 \\\hline \$ 2.00 & 50 & 20 \\\hline \$ 0.00 & 60 & 0 \\\hline\end{array}$$

• A) shortage; 20
• B) surplus; 50
• C) shortage; 30
• D) surplus; 30
• E) surplus; 20

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Definitions:

Validity Generalization

A statistical approach asserting that test validity can be generalized across various contexts, especially used in psychometrics for employment testing.

Criterion-related Validity

A measure of the effectiveness of a test or assessment in predicting an individual's performance on related tasks or outcomes.

Content Validation

The process of evaluating whether a test or measure accurately covers the content or competencies it is supposed to assess.

Content Validation

The process of ensuring that a test or assessment measures what it is intended to measure, by having its content closely aligned with the constructs it's supposed to test.