Approximately When Are (Or Were)Latinos Projected to Become an Absolute

question 3

Multiple Choice

Approximately when are (or were) Latinos projected to become an absolute majority (over 50 percent) ?

• A)in 2010 - they've already reached that threshold
• B)around 2020
• C)around 2050
• D)never, because their numbers are declining after hitting a high in 2015

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Definitions:

Income Elasticity

A measure of how much the demand for a product changes with a change in consumers' income.

Completely Inelastic

A situation in which the demand or supply for a good or service is totally unresponsive to price changes.

Inelastic

Describes a condition where the demand or supply for a good or service is not significantly changed by changes in price.

Elastic

Elasticity in economics refers to the responsiveness of demand or supply to changes in price or income.