Which of the Following Provides the Best Example of a Person

question 22

Multiple Choice

Which of the following provides the best example of a person who will have a low degree of 'cultural consonance'?

• A) a person in the upper middle class who strives to belong to the upper class but cannot afford to buy/own some of the consumer goods expected
• B) a person in the upper class who has no job but is independently wealthy
• C) a person in the middle class who has no desire to climb the social ladder or who, some would say, has no aspirations
• D) a person born into the royal lineage and who will eventually become his or her tribe's ruler
• E) a student who is living and loving the student life

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Definitions:

Equilibrium Price

A price where the supplied goods quantity is identical to the demanded goods quantity.

Law Of Demand

An increase in a product’s price will reduce the quantity of it demanded, and conversely for a decrease in price.

Quantity Demanded

The total amount of a good or service that consumers are willing to purchase at a given price over a specified period.

Excess Supply

The situation in which the quantity of a good or service offered by producers exceeds the quantity demanded by consumers at a given price, often leading to a decrease in prices.