Give an Example of the Indicated Types of Exempt Organizations

question 7

Multiple Choice

Give an example of the indicated types of exempt organizations.
-§ 501(c) (3) organization

• A)League of Women Voters.
• B)Teachers’ association.
• C)American Plywood Association.
• D)Six Flags over Texas theme park.
• E)Salvation Army.

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Definitions:

Price Range

The spread between the highest and lowest prices of goods or services in the market.

Demand

It is the quantity of a good or service that consumers are willing and able to purchase at a given price over a specified period of time.

Perfectly Elastic

Perfectly elastic refers to a situation where the quantity demanded or supplied of a good changes infinitely in response to any change in price, represented by a horizontal demand or supply curve.

Inelastic

Describes a situation where the demand or supply for a product doesn't change significantly when the price of the product changes.