Which of the Following Statements Regarding Ethnic Populations in the United

question 52

Multiple Choice

Which of the following statements regarding ethnic populations in the United States is LEAST accurate?

• A)California has both the largest Hispanic population and the largest Asian population.
• B)Nearly 60% of Canadian immigrants are Asian.
• C)By 2050 nearly one in three Americans will be Hispanic.
• D)The largest Asian ethnic group in the United States is the Chinese.
• E)California has the largest Hispanic population, while New York has the largest Asian population.

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Definitions:

Elastic Demand

A situation in which the demand for a product or service significantly changes in response to changes in price.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a specific price point.

Percentage Increase

A measure of how much a quantity has grown compared to its original number, expressed as a percentage.

Demand Curve

The demand curve is a graphical representation showing the relationship between the quantity of a good consumers are willing to buy and its price.