Match the Term with the Definition

question 68

Multiple Choice

Match the term with the definition.
-Organization founded in 1826 by Lyman Beecher that linked drinking with poverty, idleness, ill-health, and violence. Its lecturers traveled the country gaining converts to the cause. The movement had considerable success, contributing to a sharp drop in American alcohol consumption.

• A)American Temperance Society
• B)Democrats
• C)Erie Canal
• D)Indian Removal Act of 1830
• E)Lowell mills
• F)New York Female Moral Reform Society
• G)nullification
• H)second Bank of the United States
• I)Second Great Awakening
• J)Trail of Tears
• K)Whigs

---

Definitions:

Demand Increase

A situation where the quantity of a product or service that consumers are willing and able to buy at a given price rises.

Price Elasticity

The sensitivity measure of demand for a good relative to its price changes.

Demand Curve

It illustrates the relationship between the price of a good or service and the quantity demanded for a given period, assuming all other factors are constant (ceteris paribus).

Midpoint Method

A technique used in economics to calculate the elasticity of a variable, which averages the starting and ending values to minimize the bias in the elasticities calculated at different points.