An Interesting Aspect of the Hispanic Population Sub-Group Is That

question 6

Multiple Choice

An interesting aspect of the Hispanic population sub-group is that advertisements were found to have;

• A) No significant effect on Hispanics in terms purchasing products
• B) Has a significant effect on Hispanics purchasing on items
• C) Depends on the product category
• D) It a significant factor on health care related purchases

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Definitions:

Equilibrium Price

Equilibrium Price is the market price at which the quantity of goods supplied is equal to the quantity of goods demanded.

Deductible

The dollar sum of (for example, health care) costs that an insured individual must pay before the insurer begins to pay.

Elective Surgical Procedure

A surgery that is planned in advance and is not essential to save life or limb but may enhance the quality of life or physical appearance.

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers matches the quantity supplied by producers, leading to a balance in the market.