The Fastest-Growing Segment of the U.S.population Is People

question 34

Multiple Choice

The fastest-growing segment of the U.S.population is people

• A) under age 10.
• B) between ages 10 and 20.
• C) between ages 65 and 75.
• D) age 85 and older.

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Definitions:

Price Elastic

A measure of the responsiveness of the quantity demanded or supplied of a good to a change in its price.

Per-Unit Tax

A tax that is charged on each unit of a good or service that is sold, often leading to a shift in supply or demand curves.

Buyers

Buyers are individuals or entities that purchase goods or services in the market.

Sellers

Individuals or entities involved in the provision of goods or services in exchange for payment within a marketplace.