Figure 3-3 -Refer to Figure 3-3.The Figure Above Shows the Supply and the Supply

question 65

Multiple Choice

Figure 3-3
-Refer to Figure 3-3.The figure above shows the supply and demand curves for two markets: the market for original Michelangelo sculptures and the market for Ray Ban sunglasses.Which graph most likely represents which market?

• A)Graph B represents the market for original Michelangelo sculptures and Graph A represents the market for Ray Ban sunglasses.
• B)Graph A represents the market for original Michelangelo sculptures and Graph B represents the market for Ray Ban sunglasses.
• C)Graph A represents both the market for original Michelangelo sculptures and Ray Ban sunglasses.
• D)Graph B represents both the market for original Michelangelo sculptures and Ray Ban sunglasses.

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Definitions:

Life Expectancy

The average period that an individual is expected to live based on demographic factors.

Health Expectancy

An estimate of how many years an individual can expect to live in a state of good health, taking into account current rates of morbidity and mortality.

African Americans

An ethnic or racial group in the U.S. that can trace its heritage to any of Africa's black racial groups.

European Americans

Individuals in the United States who identify their ancestry as originating from countries in Europe.