Every Person in the World Can Have More Than One

question 78

Multiple Choice

Every person in the world can have more than one friend,and each person in the world can be a friend to more than one person.Thus,the cardinality that exists between friends and people is

• A)one-to-one.
• B)one-to-many.
• C)many-to-many.
• D)many-to-none.

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Definitions:

Equilibrium Quantity

The quantity of goods or services supplied that is exactly equal to the quantity demanded at the market equilibrium price.

Income Elasticity

A measure of how much the demand for a good or service changes in response to a change in consumers' income, indicating its necessity or luxury status.

Education Demanded

The quantity and type of education that individuals or society seek, often influenced by the job market and societal values.

Cross-price Elasticity

Measures the responsiveness of the demand for one good to a change in the price of another good.