In Reality, Political Parties Are Basically a Large Collection of State

question 85

True/False

In reality, political parties are basically a large collection of state organizations that, in turn, are loose collections of local groups.

---

Definitions:

Price-Elasticity

A measure of how the quantity demanded or supplied of a good changes in response to a change in its price.

Price Elasticity

The measure of how much the quantity demanded of a good responds to a change in its price.

Demand Schedule

A table that shows the quantity of a good that consumers are willing to purchase at different prices.

Total Revenues

The total amount of income generated by the sale of goods or services before any expenses are subtracted.