Speech Community

question 18

Multiple Choice

Speech community

• A)A group of people who establish rules for language use
• B)A group of people living in the same neighborhood
• C)A group of people who use a shared language
• D)A group of people sharing racial origins

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Definitions:

Demand

How much of a good or service people are inclined and have the means to buy, spanning a range of prices, during a designated timeframe.

Equilibrium Price

The price at which the quantity of a good or service supplied is equal to the quantity demanded, leading to market stability where there is no excess supply or demand.

Equilibrium Quantity

The amount of goods or services available and sought after at the balance price.

Scalping

The practice of buying tickets, securities, or commodities for immediate resale at higher prices, often to exploit short-term fluctuations.