The Most Recent Amendment Dealt with

question 11

Multiple Choice

The most recent amendment dealt with

• A)the voting right for 18-year-olds.
• B)presidential succession.
• C)salary increases for members of Congress.
• D)voting in presidential elections for Washington, D.C.
• E)term limits for members of Congress.

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Definitions:

Price Elasticity of Supply

A measure of how much the quantity supplied of a good responds to a change in the price of that good, indicating the producers' ability to adjust supply when prices change.

Inelastic Demand

A situation where the demand for a good or service does not significantly change in response to a change in price.

Total Revenues

The total amount of income generated by the sale of goods or services related to the company's primary operations.

Least Elastic Supply

A situation in the market where the supply of a product or service is least responsive to changes in price.