Which of the Following Statements About Family Decision Making Is

question 270

Multiple Choice

Which of the following statements about family decision making is most accurate?

• A) The use of joint decision making is directly related to the educational levels achieved by the spouses.
• B) Husbands make most of the purchase decisions made about cars, vacation, and homes.
• C) The two types of family decision making are joint and autonomous.
• D) With autonomous decision making, the husband would make all the decisions about groceries, medicine, and car maintenance.
• E) Women have little influence when it comes to men's clothing purchases except when purchasing socks or ties.

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Definitions:

Equilibrium Price

The selling rate at which the number of products on offer is the same as the number of products wanted.

Equilibrium Quantity

The quantity of a product or service at which the quantity supplied is equal to the quantity demanded at the market price.

Equilibrium Price

The price at which the quantity of a product offered for sale by producers equals the quantity that consumers are willing to buy.

Equilibrium Quantity

The amount of goods or services supplied equals the amount demanded at the market equilibrium price.