Why Is the Accordion Family Model Preferred by Many Poor

question 8

Multiple Choice

Why is the accordion family model preferred by many poor and working class Americans?

• A) This model allows the younger generation to attend college while the parents support them.
• B) This model allows older generations to live off the income earned by their children.
• C) The model is rarely, if ever, seen outside of middle-income families.
• D) This model allows them to pool resources and save expenses under one roof.

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Definitions:

Demand Curve

A diagram displaying the link between the value of an item and the quantity of that item that shoppers are eager and financially capable of purchasing at various cost points.

Monopolist

An individual or entity that has exclusive control over the production or sale of a product or service within a market, preventing competition.

Marginal Revenue

The additional revenue that a business earns from selling one more unit of a good or service.

Market Price

The ongoing cost at which an asset or service is available for buying or selling in a specific market.