Define the Terms Slang, Jargon, and Euphemism

question 12

Essay

Define the terms slang, jargon, and euphemism. When is each type of expression appropriate? When do problems arise?

---

Definitions:

Perfectly Elastic

Describes a situation where the quantity demanded or supplied can change infinitely with any small change in price.

Price

The total monetary value expected, obliged, or handed over in exchange for something.

Quantity Demanded

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

Table: Price Elasticity

A tabulated representation that shows how the quantity demanded of a good or service responds to changes in its price, indicating the sensitivity of consumers to price changes.