Refer to the Graph Above

question 80

Multiple Choice

Refer to the graph above.Over the $5-$6 range,supply is:

• A) one.
• B) zero.
• C) elastic.
• D) inelastic.

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Definitions:

Disaffirm

The legal right to renounce or void a contract or agreement, especially in cases involving minors or misrepresentation.

Existence

The state or fact of living, being present, or being real.

Mentally Incompetent Persons

Individuals who are legally recognized as unable to make certain types of decisions for themselves due to mental disability or illness.

Disaffirmed

The act of denying or rejecting a contract or agreement, typically by one who was not legally capable of giving consent at the time of the agreement.