An Agency Must Conduct a Regulatory Flexibility Analysis Whenever a New

question 48

True/False

An agency must conduct a regulatory flexibility analysis whenever a new regulation will have "a significant impact on a substantial number" of small businesses.​

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Definitions:

Elastic Demand

A situation in which the demand for a good or service is sensitive to price changes, characterized by the percentage change in demand being greater than the percentage change in price.

Total Expenditures

The overall amount of spending by an individual, firm, or government on goods and services.

Export Demand

The desire and willingness of foreign buyers to purchase goods and services from a country.

Domestic Demand

The total demand for goods and services within a country, including both consumer and business purchases.