In the Early Days of Confederation, _______ Worked Together in Court

question 58

Multiple Choice

In the early days of Confederation, _______ worked together in court to achieve _____.

• A) unions and the federal government; free trade with the United States
• B) political and business elites; fewer restrictions on lobbying
• C) business groups and provincial governments; greater autonomy for the provinces
• D) farmers; stricter rules against lobbying

---

Definitions:

Less Elastic

Refers to a situation where a change in price leads to a relatively smaller change in the quantity demanded or supplied.

Less Elastic

Describes demand that is relatively insensitive to price changes, indicating consumers do not reduce purchase quantities significantly when prices increase.

Price Sensitive

Referring to the degree to which the demand for a product changes with a change in its price.

Cost Of Overpricing

The negative impacts, such as reduced sales and loss of market share, that can occur when a product is priced too high.