In the Accompanying Figure, the Text Labeled 4 Is ____

question 67

Multiple Choice

In the accompanying figure, the text labeled 4 is ____.

• A) left-aligned
• B) right-aligned
• C) center-aligned
• D) justified

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Definitions:

Tax Increase

The act of raising the amount of taxes owed by individuals or businesses, often undertaken by governments seeking to boost revenue.

Supply Curve

A graphical representation showing the relationship between the price of a good or service and the quantity supplied at those prices.

Elastic Demand

A situation in economics where the quantity demanded of a good or service changes significantly as its price changes.

Many Substitutes

Refers to a situation where numerous alternative products or services are available for consumers, often leading to competitive markets.