Which of the Following Should Prompt You to Review Your

question 141

Multiple Choice

Which of the following should prompt you to review your will?

• A)You move to a different state.
• B)You have sold property mentioned in the will.
• C)The size and composition of your estate has changed.
• D)You have married,divorced,or remarried.
• E)All of these

---

Definitions:

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.

Quantity Sold

The total number of units of a product or service that have been purchased by customers in a specific time period.

Quantity Supplied

The total amount of a good that sellers are willing to sell at a given price over a specified period.