Today's Eight to 18-Year-Olds Spend an Average of How Many

question 160

Multiple Choice

Today's eight to 18-year-olds spend an average of how many hours per week engaged in various media,including television,video games,movies,the Internet,music,and print media?

• A) less than 25 hours
• B) 36 hours
• C) 40 hours
• D) over 50 hours

---

Definitions:

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount that they actually pay.

Complementary Goods

Products or services that are typically consumed together, where the demand for one increases the demand for the other.

Inelastic

Describing demand that changes little with price fluctuations; consumers’ buying habits are not significantly affected by price changes.

Price Elasticity

The measure of how much the quantity demanded of a good responds to a change in the price of that good, demonstrating the sensitivity of consumers to price changes.