The Fifteenth Amendment to the Constitution Guarantees

question 7

Multiple Choice

The Fifteenth Amendment to the Constitution guarantees

• A)women the right to vote.
• B)equal pay for all races.
• C)African American men the right to vote.
• D)due process of law to all citizens of the United States.

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Definitions:

Price Taker

A seller (or buyer) that is unable to affect the price at which a product or resource sells by changing the amount it sells (or buys).

Price Maker

A market participant that has the power to influence the price of a product or service by controlling its supply, its demand, or both.

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers is equal to the quantity supplied by producers, leading to a market balance.

Marginal Revenue

The extra profit made by selling an extra unit of a product or service.