Which of the Following Is an Example of Natural Consequences

question 22

Multiple Choice

Which of the following is an example of natural consequences?

• A) Jake spills milk on the coffee table and mother hands him paper-towels to wipe up the spill.
• B) Tamika pulls the cat's tail and get's scratched on the arm by the cat.
• C) After telling Terence he could ride his bike in the driveway or in the backyard, Terence slips out of the driveway into the street. Father comes out and brings Terence and the bike into the backyard and closes the gate.

---

Definitions:

Unit Elastic

Describes a situation where a percentage change in price leads to an equal percentage change in quantity demanded or supplied.

Quantity Demanded

The aggregate quantity of a product or service that buyers are ready and capable of buying at a specified price point over a certain timeframe.

Price

The amount of money or the value that is considered to be the equivalent of a good or service.

Elasticity of Demand

A measure of how sensitive the quantity demanded of a good is to a change in its price, indicating how consumers' purchasing decisions are affected by price changes.