Which of the Following Is an Example of Interference with Economic

question 24

Multiple Choice

Which of the following is an example of interference with economic relations?

• A)Trespass
• B)False imprisonment
• C)Disparagement
• D)Defamation

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Definitions:

Elastic

Describes a situation where the demand for a product or service significantly changes in response to a change in its price.

Price Elastic

Relating to the responsiveness of the demand or supply of a good or service to changes in its price.

Price Elasticity

A measure of the responsiveness of the quantity demanded or supplied of a good or service to a change in its price.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price level.