Which of the Following Statements Best Describes Life Expectancy in Canada

question 83

Multiple Choice

Which of the following statements best describes life expectancy in Canada?

• A) It varies depending on where you live geographically in Canada.
• B) It is based solely on poor health behaviours.
• C) It increased for a number of years, but has stabilized in the past two decades.
• D) It varies depending on gender and the decade in which you were born.

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Definitions:

Price Elasticity of Demand

A measure of how much the quantity demanded of a good responds to a change in the price of that good.

Elastic

A term often used in economics to describe a situation where the demand for a product or service significantly changes in response to a change in price.

Pricing Strategy

An approach businesses use to set the prices for their products or services, based on costs, market demand, competition, and other factors.

Marginal Revenue

The change in total revenue that results from selling one additional unit of product.