Anna Is Supported Entirely by Her Three Sons John,James,and Joseph

question 25

Multiple Choice

Anna is supported entirely by her three sons John,James,and Joseph who provide for her support in the following percentages: Assuming a multiple support declaration exists,which of the brothers may claim his mother as a dependent?

• A)any of the sons
• B)James or Joseph
• C)Joseph only
• D)None of them

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Definitions:

Price Floor

A minimum price below which exchange is not permitted.

Quantity Demanded

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

Government Imposes

Refers to regulations, taxes, or policies that a government enforces to influence economic or social outcomes.

Price Ceiling

A maximum price that sellers may charge for a good, usually set by government.