Choose the Word or Phrase in [ ] Which Will

question 132

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-If neither the primary nor secondary beneficiary survives the insured,the life insurance proceeds will be [kept by the insurance company | paid to the estate of the insured and distributed by the probate court].

---

Definitions:

Demand Curve

A graphical representation that shows the relationship between the price of a product and the quantity of the product demanded.

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good, signifying the relative change in demand due to price changes.

Price Elasticity

The degree to which demand for a particular item changes in response to price adjustments.

Gasoline Demanded

The total amount of gasoline that consumers are willing to buy at a given price, typically influenced by factors such as price and personal income.