In Which Step of the Demographic Transition Would We Expect

question 201

Multiple Choice

In which step of the demographic transition would we expect population to grow the fastest?

• A) Step 1
• B) Step 2
• C) Step 3
• D) There is no step that would be expected to consistently yield faster population growth.

---

Definitions:

Equilibrium Price

The market price at which the quantity of an item supplied is equal to the quantity demanded, leading to market stability.

Equilibrium Quantity

The quantity of a good or service at which demand equals supply, leading to a stable market condition.

Supply Increases

A situation where the quantity of a good or service that is available for sale rises.

Consumer Income

The collective income of consumers, which influences their capacity to buy products and services.