China's Population

question 13

Multiple Choice

China's population

• A)had a majority of females over males as so many of the latter died in China's many wars.
• B)was about 400,000,000 in 1395.
• C)was stagnant between 1600 and 1700.
• D)grew fast during the 1600 - 1800 period, reaching over 300,000,000 by 1800.
• E)declined between 1600 and 1800 because of a renewal of the bubonic plague.

Recognize the impact of price changes on consumer demand and firm revenue.

Identify the factors influencing demand elasticity, including income and substitution effects.

Distinguish between different types of goods (normal, inferior) based on income and price elasticity.

Grasp the concept of consumer surplus and the impact of reservation prices.

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Definitions:

Overcharging

The act of asking for a price that is higher than what is fair or reasonable.

Inquisitorial System

A legal system where the court or a part of the court is actively involved in investigating the facts of the case, as opposed to an adversarial system where cases are presented by opposing parties.

Adversarial System

A legal system where two opposing parties present their arguments and evidence in court, and a neutral third party (judge or jury) adjudicates.

Concerned

Reflects a state of being worried, anxious, or interested about something.