Which Statement Concerning the Central Business District (CBD)is Not Correct

question 33

Multiple Choice

Which statement concerning the central business district (CBD) is not correct?

• A) The core of a CBD rarely exceeds a square mile.
• B) A CBD is typically located in the part of a city or town with the greatest concentration of office buildings and retail stores.
• C) Over the past 40 years, the share of the CBD relative to the planned shopping center has increased.
• D) A CBD has at least one major department store and a broad grouping of specialty and convenience stores.

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Definitions:

Other-Things-Equal Assumption

The assumption that factors other than those being considered are held constant. Also known as the ceteris paribus assumption.

Supply

The total amount of a specific good or service that is available to consumers at current prices.

Excise Tax

A tax imposed on specific goods, services, or activities, such as tobacco, alcohol, and fuel, usually intended to discourage their use or generate revenue.

Demand and Supply

Economic model that determines the price of a good in a market, based on the desire and availability of the good.