______ Are Not Necessarily Against the Law but Are Considered

question 11

Multiple Choice

______ are not necessarily against the law but are considered atypical and may be deemed immoral rather than illegal.

• A)mala in se
• B)mala prohibita
• C)deviant acts
• D)civil wrongs

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Definitions:

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good, with all other factors being held constant.

Demand Curve

A graph showing the quantity of a good that consumers are willing and able to purchase at different prices.

Luxury Good

A product that is not necessary for basic survival but is deemed as highly-desirable within a culture or society, often associated with wealth or quality.

Income Elasticity

A measure of how the demand for a good or service changes in response to changes in consumer income.