A(n)____ Relationship Is Based on Reciprocity and Fairness; Each Person

question 87

Multiple Choice

A(n) ____ relationship is based on reciprocity and fairness; each person does something for the other mainly in the expectation of getting some direct benefit in return. ​

• A)communal
• B)pragmatic
• C)distributive
• D)exchange

---

Definitions:

Price Elastic

Describing a situation where the demand for a product is sensitive to price changes, meaning a relatively small change in price leads to a large change in the quantity demanded.

Supply Curve

A graph that details the interaction between the price level of a commodity and the quantity of it provided.

Per-unit Tax

A tax imposed on each unit of a good or service sold, affecting the supply curve by increasing production costs.

Tax Burden

The total amount of tax levied on an individual, corporation, or other entity, often expressed as a proportion of income or economic output.