By the Year 2035,it Is Estimated That __________ Percent of U.S.adults

question 31

Multiple Choice

By the year 2035,it is estimated that __________ percent of U.S.adults will be retired and the taxes paid by employed legal immigrants becomes extremely important.

• A)5
• B)10
• C)15
• D)20
• E)40

---

Definitions:

Purchases Increase

A rise in the quantity of goods or services bought over a specific period of time.

Price Change

A variation in the cost of a good or service over time, influenced by factors like supply, demand, and inflation.

More Elastic

Describes a situation where the demand or supply for a good or service is highly responsive to changes in price.

Less Elastic

Describes a situation where the demand or supply for a product or service is relatively unresponsive to changes in price.