Environics Analytics Identifies Many Lifestyle Clusters in Canada

question 111

Multiple Choice

Environics Analytics identifies many lifestyle clusters in Canada. The category "Money & Brains" is an example. This group is described as

• A) high-achieving, cultured urban families
• B) successful suburban households starting to empty-nest
• C) upscale and educated professionals and their families
• D) wealthy middle-aged urban sophisticates
• E) prosperous Quebec suburban families

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Definitions:

Competitive Supply

The total quantity of a good or service that is available to consumers, determined by the sum of all individual suppliers’ quantities at each price level in a competitive market.

Elasticity of Supply

An evaluation of the extent to which the amount of a good provided alters as a result of variations in its price.

Equilibrium Price

The price at which the quantity of goods supplied equals the quantity of goods demanded.

Linear Supply

A supply relationship showing a direct, constant increase in quantity supplied as price increases.