Which of the Following May Cause the Dissolution of a Partnership

question 16

Multiple Choice

Which of the following may cause the dissolution of a partnership?

• A) An act of the partners.
• B) An operation of the law.
• C) An act of the court.
• D) An act of the partners, an operation of the law, and also an act of the court.
• E) An act of the partners and an operation of the law, but not an act of the court.

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Definitions:

Elastic

In economics, elastic refers to how the quantity demanded or supplied of a good responds to changes in its price; high elasticity indicates sensitivity to price changes.

Cross-price Elasticity

Cross-price Elasticity measures the responsiveness of the demand for one good to a change in the price of another good.

Elasticity of Supply

A measure of how much the quantity supplied of a good changes in response to a change in price.

Cross-price Elasticity

A measure of how the demand for one good changes in response to changes in the price of another good.