The Demand for a Good Is Said to Be _____

question 12

Multiple Choice

The demand for a good is said to be _____ when quantity demanded changes proportionately to price changes.

• A)perfectly elastic
• B)inelastic
• C)unit elastic
• D)elastic
• E)perfectly inelastic

---

Definitions:

Minor

Anyone under the age of majority—18 in most states, 21 in some jurisdictions.

Emancipated Minor

A legal status granted to individuals under 18, allowing them rights and responsibilities of legal adulthood under specific conditions.

Amount Owed

The total sum of money that is due or expected to be paid to a creditor or seller by a debtor or buyer.

Equal Credit Opportunity Act

A U.S. law that prohibits credit discrimination on the basis of race, color, religion, national origin, sex, marital status, age, or because someone receives public assistance.