Over Time,the Supply of a Particular Good or Service Tends

question 184

Multiple Choice

Over time,the supply of a particular good or service tends to

• A)become more elastic.
• B)become less elastic.
• C)stay about the same.

---

Definitions:

Performance

Completion by both parties of the terms of a contract.

Substantial Performance

Performance of a contract in all but a minor aspect of it.

Supreme Court

The highest court in a country or jurisdiction, often having the final say in matters of constitutional and federal law.

Voidable

Referring to a contract or transaction that may be declared invalid by one party, typically due to factors like misrepresentation or undue influence.