The Venn Diagram Below Depicts Gender and Occupation of a Sample

question 54

Multiple Choice

The Venn diagram below depicts gender and occupation of a sample of adults. Which region on the Venn diagram represents the event "The individual is a female firefighter?"

• A) Region 3
• B) Region 4
• C) Region 1
• D) Region 2

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Definitions:

Utility

The satisfaction or pleasure that a consumer derives from consuming a good or service.

Income

The total amount of money received by an individual or generated by an entity, typically on a regular basis, from various sources such as wages, investments, or business ventures.

Demand Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good, indicating the sensitivity of consumers to price changes.

Price Fall

A reduction in the market price of a good or service, which can influence consumer behavior and economic conditions.