You Should Review Your Will If

question 100

Multiple Choice

You should review your will if:

• A) you move to a different state.
• B) you have sold property mentioned in the will.
• C) the size and composition of your estate has changed.
• D) you have married, divorced, or remarried.
• E) you have done any of the things listed in the other answers.

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Definitions:

Time To Adjust

This term refers to the period required for changes in economic or policy conditions to take effect in the market or economy.

Price Change

The variation in the selling price of goods and services over a period of time, influenced by factors such as supply and demand, production costs, and market competition.

Inelastic Supply

describes a situation where the quantity supplied of a good is not significantly affected by changes in price.

Quantity Supplied

The total amount of a product that producers are willing and able to sell at a given price over a specified period.