The Demand for Classical Music Is _______________ Than Is the Demand

question 49

Multiple Choice

The demand for classical music is _______________ than is the demand for Beethoven's music because _______________.

• A) less price elastic; classical music requires a smaller portion of one's income
• B) more price elastic; classical music requires a smaller portion of one's income
• C) less price elastic; the scope of the market for classical music is more broadly defined
• D) more price elastic; the scope of the market for classical music is more broadly defined

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Definitions:

Constitution

The fundamental set of laws and principles that outlines the governance structure, rights, and duties within a state or organization.

Necessary and Proper Clause

A clause in the U.S. Constitution granting Congress the power to pass all laws required and appropriate for executing its declared powers.

Spending Power

The authority of a government to allocate its resources by making expenditures to achieve economic or social objectives.

Takings Clause

An element of the U.S. Constitution's Fifth Amendment that prevents the government from seizing private property for communal purposes without fair compensation.