In Supply Side Rational Choice Thinking, a Local Congregation Is

question 22

Multiple Choice

In supply side rational choice thinking, a local congregation is

• A)a "demand."
• B)a "product."
• C)an "entrepreneur."
• D)a "firm."
• E)a "franchise."

---

Definitions:

Equilibrium

A state in a market where supply equals demand, and there is no tendency for change in the price or quantity.

Price Floor

A government or regulatory-imposed price control that sets the minimum allowable price to be charged for a particular good or service. It is aimed at protecting producers by ensuring prices do not fall below a certain level.

Government

The governing body of a nation, state, or community, responsible for making and enforcing laws and policies.

Pencils

Writing instruments with a thin form factor, containing a core of graphite or a color pigment, used for writing or drawing.