The Main Reason for the High Price of Antiques Is

question 324

Multiple Choice

The main reason for the high price of antiques is that

• A)supply is relatively elastic and demand increases over time.
• B)supply is relatively inelastic and demand increases over time.
• C)demand is relatively elastic and supply increases over time.
• D)demand is relatively inelastic and supply increases over time.

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Definitions:

Universal Insurability

A principle aimed at ensuring all individuals can obtain insurance coverage, regardless of pre-existing conditions or other risk factors.

Affordable Care Act

Legislation enacted in the United States in 2010 aimed at improving access to health insurance, expanding Medicaid coverage, and encouraging healthcare reforms.

Pandemic Insurability

The concept of assessing and managing the risk and financial impact of a pandemic on the insurance industry.

Private Sector

The part of the economy that is run by individuals and companies for profit and is not state controlled.