Bill Is 54 Years Old,addicted to Heroin,and Cannot Get Out

question 33

Multiple Choice

Bill is 54 years old,addicted to heroin,and cannot get out of the inner city.According to Herbert Gans's categories of urban villagers,which category does Bill belong to?

• A) cosmopolites
• B) the deprived
• C) ethnic villagers
• D) the trapped

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Definitions:

Price Inelastic

A situation where the quantity demanded or supplied of a good is not significantly affected by changes in price.

Macadamia Nut

A type of tree nut that is known for its rich, buttery flavor, native to Australia and commercially cultivated in various regions worldwide.

Inelastic Demand

A situation where the quantity demanded of a good or service changes little when its price changes.

Close Substitutes

Products or services that can easily replace each other in the eyes of the consumer, resulting in high cross-elasticity of demand.