The Holding That the "Constitution Was Ordained and Established by the People

question 37

Multiple Choice

The holding that the "Constitution was ordained and established by the people of the United States for themselves for their own government, and not for the government of the individual states":

• A) Addressed the issue of whether the Constitution applied to state government
• B) Addressed the issue of whether the Bill of Rights applied to the states
• C) Addressed the issue of whether slaves should have the right to citizenship
• D) Addressed the issue of whether the U.S. Supreme Court could hear cases that originated in a state court

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Definitions:

Equilibrium Price

The equilibrium price is the price at which the quantity of a good or service demanded equals the quantity supplied, leading to market balance.

Consumer Surplus

The contrast between the full amount consumers are willing to disburse for a product or service and the actual disbursement.

Price Floor

A government-imposed minimum price that can be charged for a good or service, intended to prevent prices from dropping too low.

Consumer Surplus

The differentiation between what consumers are prepared to expend on a good or service and the sums they actually do.