Equity Is to _________________ as Equality Is to __________________

question 36

Multiple Choice

Equity is to _________________ as equality is to __________________.

• A)equal distribution; proportionate distribution
• B)proportionate distribution; equal distribution
• C)unfairness; fairness
• D)fairness; unfairness

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Definitions:

Fixed Number

A specific, unchanging quantity that does not vary under different conditions or over time.

Supply Curve

A graph showing the relationship between the price of a good and the amount of it that producers are willing to supply at those prices.

Short-Run Elasticity

Refers to the responsiveness of the quantity demanded or supplied of a good or service to a price change over a short period.

Demand

The quantity of a good or service that consumers are willing and able to purchase at a given price over a specific period.