​Nike Faces a More__________ Demand for Its Products Than a Shoe

question 3

Multiple Choice

​Nike faces a more__________ demand for its products than a shoe polish producer.

• A)​inelastic
• B)elastic
• C)perfectly elastic
• D)​perfectly inelastic

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Definitions:

Bill of Rights

The first ten amendments to the United States Constitution, ratified in 1791, which guarantee essential rights and liberties to the American people, such as freedom of speech and religion.

James Madison

He was the fourth President of the United States, serving from 1809 to 1817, and is known as the "Father of the Constitution" for his pivotal role in drafting and promoting the U.S. Constitution and the Bill of Rights.

Ratification

The official approval or confirmation of an agreement, treaty, or constitutional amendment, typically through legislative vote.

Constitution Opposition

Opposition to the ratification of the Constitution, mainly by the Anti-Federalists who advocated for a weaker central government.