In Recent Decades, the Most Important Sociological Change to Families

question 4

Multiple Choice

In recent decades, the most important sociological change to families has been

• A) the growing rates of divorce.
• B) the movement of women's work from their families to the paid labor market.
• C) children receiving the majority of their parenting from the media rather than their parents.
• D) the shrinking role of religion on family life.

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Definitions:

Elasticity of Demand

A gauge of the responsiveness of the amount of a product consumers want to buy to shifts in its price, evidencing how changes in cost affect demand.

Midpoint Method

A technique used in economics to calculate the elasticity of demand or supply, offering an average percentage change between two points to minimize bias.

Elastic

A term describing the responsiveness of the quantity demanded or supplied of a product when its price changes.

Elasticity

The degree to which the quantity demanded or supplied of a good or service changes in response to a change in price.