Which of the Following Statements About the Living Arrangements of Older

question 124

Multiple Choice

Which of the following statements about the living arrangements of older adults is true?

• A)More than two-thirds of older women 75 years and older live alone.
• B)The older people become,the greater are their odds for living alone.
• C)Less than half of older adults live with family members.
• D)Almost half of older adults are residents in institutions,such as hospitals,mental hospitals,and nursing homes.

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Definitions:

Quantity Demanded

The specific amount of a good or service consumers are willing to buy at a given price point, holding all else constant.

Quantity Supplied

The total amount of a good that producers are willing to sell at a given price over a specific time period.

Shortage

A situation in which demand for a good or service exceeds the available supply at a specific price.

Supply

The total amount of a specific good or service available for purchase at any given price level in a given market.