What Is "Event-Driven Poverty

question 6

Multiple Choice

What is "event-driven poverty"?

• A) a phenomenon that occurs when the poverty rate in Canada increases,as it did during the last economic recession
• B) something that happens when a person becomes poor due to some change,such as divorce or widowhood
• C) a situation in which a person living in poverty perpetuates his fate by spending his money foolishly
• D) poverty that results from a major economic downturn in the economy,which leads to high unemployment

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Definitions:

Demand Curve

A graph showing the relationship between the price of a good or service and the quantity of it that consumers are willing to purchase at various prices.

Future Price Decline

The expectation that the price of goods or services will decrease in the future, often influencing consumer and business decisions.

Leftward Shift

In economic terms, a movement of the supply or demand curve to the left on a graph, indicating a decrease in supply or demand.

Demand Curve

A demand curve is a graphical representation that shows the relationship between the price of a good or service and the quantity of it that consumers are willing to purchase at various prices.