During 2013,Ralph Made the Following Contributions to the University of Oregon

question 83

Multiple Choice

During 2013,Ralph made the following contributions to the University of Oregon (a qualified charitable organization) : Ralph acquired the stock in Raptor,Inc.,as an investment fourteen months ago at a cost of $42,000.Ralph's AGI for 2013 is $189,000.What is Ralph's charitable contribution deduction for 2013?

• A)$56,700.
• B)$63,000.
• C)$94,500.
• D)$157,500.
• E)None of the above.

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Definitions:

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a specific price.

Own Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that same good, reflecting consumers' sensitivity to price changes.

First Law of Demand

The principle that there is an inverse relationship between the price of a good and the quantity demanded, all else being equal.

Quantity Demanded

The amount of a product that consumers are willing and able to purchase at a given price.