When Akira Got to University,he Couldn't Believe How Many People

question 45

Multiple Choice

When Akira got to university,he couldn't believe how many people drank alcohol! Approximately what percentage of 18 to 19 year olds drink alcohol?

• A)More than 50%
• B)More than 65%
• C)More than 85%
• D)More than 90%

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Definitions:

Marginal Unit

Refers to the additional or incremental unit of a good or service considered in analysis or decision-making.

Perfect Competition

A market structure characterized by many buyers and sellers, free entry and exit, and a homogeneous product, leading to price-taking behavior.

Market Price

The existing rate at which an asset or service may be acquired or disposed of on the market.

Utility Consumption

The enjoyment or satisfaction gained by using a good or service.