TB Figure: 3

question 41

Multiple Choice

TB Figure: 3
-Using the information provided in TB Figure 3,what is the MOST LIKELY profile of a Facebook visitor?

• A)a male, under 25 years old, earning less than $25, 000, with at most a high school diploma
• B)a female, 55 + years old, earning $25,000 to $49,999, with at least a college degree
• C)a female, 45 to 54 years old, earning $25, 000 to $74,999, with some college education
• D)a male, 18 to 34 years old, earning $25,000 to $9,999, with a bachelor's degree

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Definitions:

Equilibrium Quantity

The amount of goods or services supplied in a market that is exactly equal to the quantity demanded at the equilibrium price.

Rationing Device

A method used to distribute scarce resources, goods, or services among people.

Supply Shifts

Movements of the supply curve to the right or left, indicating a change in the quantity supplied at each price point, due to factors other than the price of the good itself.

Equilibrium Quantity

The quantity of goods or services supplied that is exactly equal to the quantity demanded at the market equilibrium price.