Ariel and Ryan Just Graduated College

question 77

Multiple Choice

Ariel and Ryan just graduated college. They are both in the process of establishing themselves in their careers. They each have some student loans that they want to pay off. They have decided that they want to spend more time together, but they are not yet where they each want to be financially or in their careers. Ariel and Ryan will most likely ______.

• A) become boomerang children
• B) cohabitate
• C) marry
• D) divorce

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Definitions:

Income Elasticities

Refers to the sensitivity of the demand for a good to changes in the income of the consumers who buy this good.

Normal Goods

Products that see an increase in demand when consumer income grows, and experience a drop in demand as consumer income declines.

Wheat Yields

The quantity of wheat produced per unit of land area.

Total Revenues

The total amount of money generated by a firm from its sales activities before any costs or expenses are subtracted.