Which of the Following Statements Describes an Example of Population

question 47

Multiple Choice

Which of the following statements describes an example of population growth?

• A) The average weight of Americans has increased substantially in the past decade.
• B) Tropical fish have been found in waters more northerly than their usual habitat.
• C) The number of people in a town has increased by 25% in the past 5 years.
• D) The number of butterflies in a region has stayed the same from 1950 to 2010.
• E) All of the answers are correct.

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Definitions:

Monopolists

Entities that hold exclusive control over the production and sale of a particular good or service, eliminating competition in the marketplace.

Barriers to Entry

Barriers consisting of financial, bureaucratic, or legal hindrances that restrict the entry of new players into a market or business sector.

Monopoly Resources

Natural or created resources over which a single entity has control, limiting competition and influencing market prices.

Price Effect

The price effect is an economic term describing the impact of a change in a product’s price on its demand and supply.