Research Shows That Over the Last Several Years, College-Aged Students

question 19

Multiple Choice

Research shows that over the last several years, college-aged students are placing more value on

• A) family relationships.
• B) environmental issues.
• C) financial gain.
• D) global aide and travel.

---

Definitions:

Price Determination

The process by which the prices of goods and services are established based on supply and demand conditions.

Supply and Demand

The fundamental economic model describing how prices vary as a result of a balance between product availability and the desire of buyers.

Quantity Demanded

The aggregate quantity of a product or service that buyers are prepared to buy at a specific price point.

Demand Decreased

A situation where there is a reduction in the quantity of a product or service that consumers are willing or able to buy at given prices.