Which of the Following Families Is Most Likely to Experience

question 20

Multiple Choice

Which of the following families is most likely to experience a divorce?

• A)A childless couple
• B)A family with an adolescent
• C)A family with middle school children
• D)A family whose children have left home

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Definitions:

Equilibrium Quantity

The level of output at which demand and supply in the market balance perfectly, setting the stage for stable prices unless external factors intervene.

Demand Schedule

A table or graph showing the quantity of a good that consumers are willing to purchase at various prices.

Supply Schedule

A table or graph that shows the quantity of goods that producers are willing and able to supply at various prices over a specified period.

Equilibrium Price

The market price at which the quantity of a good supplied is equal to the quantity demanded.