The Provision That Private Property Shall Not Be Taken for Public

question 102

Multiple Choice

The provision that private property shall not be taken for public use without just compensation is found in:

• A) the First Amendment.
• B) the Ninth Amendment.
• C) state constitutions.
• D) the Eminent Domain Statute enacted by Congress.

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Definitions:

Equilibrium Price

The financial value where the availability of goods equals consumer demand.

Demand Falls

Demand falls occur when there is a decrease in the quantity of a good or service demanded at any given price, often due to changes in consumer preferences, income, or price increases.

Supply Stays

A term that is not typically used in economic contexts; thus, it might not be a real key-term. NO.

Price Ceiling

A legally established maximum price a seller can charge for a product or service to prevent market prices from rising too high.