In Studies of Online Shoppers,it Was Found That with Regard

question 10

Multiple Choice

In studies of online shoppers,it was found that with regard to the ages of shoppers:

• A) The largest percentage of online shoppers are between 31 and 45.
• B) The overwhelming majority are over 65.
• C) The highest proportion of shoppers is between 18 and 30.
• D) Almost 90 percent were under 21.
• E) About 20% are over 50.

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Definitions:

Per Capita Income

A measure of the average income earned per person in a specified area over a defined period of time, often used as an indicator of economic health.

WARP

Weak Axiom of Revealed Preference, a theory in economics that assumes if a consumer prefers product A over B when both are available, then they will not choose B when A is available.

Bundle

An assortment of items or services combined and offered for sale as a complete set.

Laspeyres Price Index

A measure of inflation computed by taking the ratio of the total cost of purchasing a specified basket of goods at current prices to the cost of those same goods at base-year prices.