Population Pyramids of Developing, Poorer Countries Reveal

question 31

Multiple Choice

Population pyramids of developing, poorer countries reveal

• A)an extreme pyramid shape with many children and few elderly.
• B)a column shape with the same numbers overall represented in all age groups.
• C)a top shape with many elderly and few children.
• D)a mildly shaped pyramid with fewer children being born.

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Definitions:

Equilibrium Price

The equilibrium price where goods supplied and goods demanded are in balance.

Price Floor

A government- or authority-imposed minimum price on goods or services, below which they cannot be sold, usually set to prevent market prices from falling too low.

Shortage

A scenario where the market demand for a service or product surpasses its available supply.

Surplus

An amount of something left over when requirements have been met; an excess of production or supply.