Intent to Deceive Is an Element of Fraud

question 23

True/False

Intent to deceive is an element of fraud.

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Definitions:

Elasticity of Demand

A measure of how much the quantity demanded of a good responds to a change in its price.

Quantity Demanded

The sum total of a particular good or service that individuals are inclined and financially able to purchase at a given price.

Decrease

A reduction in size, number, or amount.

Substitutes Available

Other products or services that can be used in place of a particular good or service.