As a General Rule, the Confidentiality of the Client Under

question 28

Multiple Choice

As a general rule, the confidentiality of the client under the age of 18 is "owned" by:

• A) the client.
• B) the state or province.
• C) the parent or guardian.
• D) the school system.

Understand the concept and significance of income elasticity of demand.

Grasp the concept of cross elasticity of demand and how it relates to substitutes and complements.

Recognize how price elasticity of supply is determined and its implications for production shifts.

Distinguish between the different types of goods based on income elasticity (normal, inferior, luxury, necessity).