How Did Mass Consumption in the Progressive Era Result in New

question 58

Multiple Choice

How did mass consumption in the Progressive era result in new consumer freedoms?

• A) Farmers in the heartland had more time and money to attend nickelodeon shows.
• B) Department stores provided city residents with access to electric washing machines and vacuum cleaners.
• C) Mass-produced radios were able to advertise the availability of new factory products.
• D) A and B only
• E) None of the above

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Definitions:

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good.

Substitution Price Elasticity

A measure of how much the quantity demanded of one good responds to a change in the price of another good, indicating the degree to which these goods are substitutes.

Utility Function

A numerical model that explains how a consumer gains pleasure or usefulness from using goods and services.

Substitution Effect

The change in consumption patterns due to a change in the relative prices of goods, holding the consumer's utility level constant.