Which of the Following Could Serve as the Basis for Forming

question 10

Multiple Choice

Which of the following could serve as the basis for forming a stratum?

• A)usage rate
• B)gender
• C)income level
• D)all of these
• E)none of these

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Definitions:

Prices

The price tag anticipated, mandatory, or surrendered in settlement for an item.

Drug Interdiction

The policy or practice of preventing illegal drugs from being trafficked and distributed.

Inelastic

Describes a situation where the demand or supply for a good or service is relatively unresponsive to changes in price, meaning that price variations have little effect on the quantity demanded or supplied.

Elastic Demand

A situation where the demand for a product is sensitive to price changes, with relatively large changes in demand for small changes in price.