(Table) Refer to the Demand Schedule for Honey in the Table

question 107

Multiple Choice

(Table) Refer to the demand schedule for honey in the table. In this price range, the demand for honey is
$\begin{array}{|l|l|}\hline \begin{array}{l}\text { Price of a Jar } \\\text { of Honey }\end{array} & \begin{array}{l}\text { Quantity of Honey } \\\text { (millions of jars) }\end{array} \\\hline \$ 2 & 10 \\\hline 4 & 8 \\\hline 6 & 6 \\\hline\end{array}$

• A) inelastic.
• B) elastic.
• C) unitary elastic.
• D) unknown.

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Definitions:

Democracy

A system of rule where the power lies with the citizens, either directly or through their elected delegates.

Property

Legal rights or interests that allow the ownership, use, and control of assets like land, buildings, or personal items.

James Madison

An American statesman, diplomat, expansionist, philosopher, and Founding Father who served as the fourth President of the United States from 1809 to 1817, known as the "Father of the Constitution" for his pivotal role in drafting and promoting the U.S. Constitution.

Anti-Federalists

Individuals or groups who opposed the adoption of the U.S. Constitution, advocating for a weaker central government in favor of stronger state governments.