The Figure Given Below Shows the Demand [D and D']

question 39

Multiple Choice

The figure given below shows the demand [D and D'] and supply [S and S'] curves of shares of stock.Figure 17.2

-The supply curve in the market for land that has limited availability is:

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

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Definitions:

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A situation where one party in a contract can take risks because they know they will not have to bear the full consequences of their actions.

Health Insurance

A contract between an individual and an insurer to cover part or all of the costs associated with medical care.

Poor Eating Habits

Unhealthy dietary practices that often lead to malnutrition, obesity, and increased risk of chronic diseases.

Screening

Screening is a process used by employers, lenders, and others to assess the qualifications, risks, or qualities of applicants before making a decision.