While Discussing Their Current Semester's Classes,Tristan Asked Jill to Explain

question 46

Multiple Choice

While discussing their current semester's classes,Tristan asked Jill to explain what her sociology of race and ethnicity course was about.Which answer would Jill give?

• A) It's about how power and resources are unequally distributed among ethnic and racial groups.
• B) It's about the origins,settlement,and life experiences of different ethnic/racial social groups.
• C) It's about the self-concept,identity,and feelings of nationalism among different ethnic groups.
• D) It's about how groups in Canadian society go about maintaining a sense of pride in their heritage.

Understand the concept of price elasticity of demand and how it is calculated.

Differentiate between elastic, inelastic, and unit-elastic demand.

Analyze the impact of price changes on quantity demanded and total revenue.

Recognize the significance of the availability of substitutes on the elasticity of demand.

---

Definitions:

Disposable Income

Resources meant for household spending and saving once income tax obligations are settled.

APC

The average propensity to consume, which is the fraction of total income that is spent on consumption as opposed to being saved.

Saving

The portion of income not spent on consumption, often set aside for future investments or expenditures.

Disposable Income

The amount of money individuals or households have available to spend or save after taxes have been accounted for.