Elastic demand results when movement in price:

A. results in significant changes in supply
B. does not result in significant changes in supply
C. results in significant changes in demand
D. does not result in significant changes in demand
E. results in equal movement in demand

Ans: C. results in significant changes in demand

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A) The 2005 Act gives debtors better means to obtain a Chapter 7 bankruptcy. B) Under Chapter 7, a debtor is denied the right to a trustee. C) It features a dollar-based means test and a median income test based on a debtor's state of residence. D) The 2005 Act in effect pushed many debtors out of Chapter 7 and into Chapter 15 debt-adjustment bankruptcy.

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A savings alternative that pays a fixed rate of interest while keeping your funds on deposit for a contracted period of time that can range from 30 days to several years is called aA savings alternative that pays a fixed rate of interest while keeping you

A) demand deposit. B) negotiable order of withdrawal deposit. C) term deposit. D) certificate of deposit. E) None of the above are correct.

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