When a Good Is Illegal, the Demand Curve Is Likely

question 68

Multiple Choice

When a good is illegal, the demand curve is likely to be inelastic because

• A)extra costs associated with avoiding capture.
• B)the difficulty the buyer faces in getting their dealer to sell them more.
• C)the fact that when a good is illegal, addicts make up a greater percentage of users.
• D)price dramatically impacts usage.

Understand the effect of a court's declaration of incompetence and the appointment of a guardian.

Understand the fundamental principles and the purpose of the statute of frauds.

Recognize the enforceability of contracts in various forms, including electronic agreements under contract law.

Identify the requirements for a contract to be valid under the statute of frauds.

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Definitions:

Cytokine

A nonantibody protein of the immune system that regulates immune response.

Herpes Simplex

The medical term for fever blister, an acute viral infection of the face, mouth, or nose.

IgG

Immunoglobulin G, a type of antibody that is the most abundant in the body, playing a crucial role in the immune response by identifying and neutralizing pathogens such as viruses and bacteria.

IgD

An antibody class (immunoglobulin D) involved in the immune system’s response to antigens, present in small amounts in the body's fluids and tissues.