-The Above Figure Shows the Market for Game Day T-Shirts

question 223

Multiple Choice

-The above figure shows the market for game day t-shirts.If the price of t-shirts is $10,then

• A) there is a surplus and the price of t-shirts will rise.
• B) there is a shortage and the price of t-shirts will rise.
• C) there is a shortage and the price of t-shirts will fall.
• D) there is a surplus and the price of t-shirts will fall.
• E) the market is in equilibrium.

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Definitions:

External Validity

The extent to which the results of a study can be generalized or applied to contexts outside the original research setting.

Validity of an Experiment

This refers to the extent to which the results of an experiment accurately reflect the reality or truth of the situation being studied.

Experimenter Bias

In experimental design, the problem of some kind of bias in an experimental group because of the way the researcher, knowingly or unknowingly, has selected its members.

Internal Validity

The degree to which the results of a study can be attributed to the experimental treatments or interventions rather than other factors.