________ Are Statistics That Measure Aspects of Population, Such as Size

question 109

Multiple Choice

________ are statistics that measure aspects of population, such as size, age, and gender.

• A) Demographics
• B) Norms
• C) Cultural dimensions
• D) Standards
• E) Mores

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Definitions:

Elastic Supply

Refers to a situation where the quantity of a good supplied by producers changes significantly in response to a change in price.

Elasticities

A measure in economics that shows how much the quantity demanded or supplied of a good responds to changes in price, income, or other factors.

Tax Burden

The measure of taxes that an individual or business must bear, often expressed as a percentage of income or profit.

Legal Assignment

The transfer of a property right or title to some particular benefit, usually from one party to another, under the terms of a legal agreement.