Which of the Following Persons Would Be Called Chronically Homeless

question 17

Multiple Choice

Which of the following persons would be called chronically homeless?

• A) A person has been homeless for more than a year
• B) A person who lives with a roommate when between jobs
• C) A person who has been staying with friends or family for an extended period of time
• D) A person has been residing each night in a homeless shelter for almost 3 months

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Definitions:

Price Increase

A situation where the cost of goods and services rises over a period.

Industry Supply Curve

A graphical representation that shows the quantity of goods that all producers in an industry are willing and able to supply at different price levels.

Upward Slope

A line on a graph that displays a positive relationship between two variables, indicating that as one variable increases, the other variable also increases.

Price Takers

Businesses or individuals that accept the prevailing prices in the market because they do not have enough power to influence them.