What Groups or Categories of Americans Are Most Likely to Be

question 22

Essay

What groups or categories of Americans are most likely to be interested in and knowledgeable about politics? What groups are least likely to be interested and knowledgeable? What are the implications of this?

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Definitions:

Substitutes

Products or services that can be used in place of each other, satisfying the same needs or wants of the consumer.

Monopolist

A single seller in a market who has significant control over the entire supply of a good or service, and thus can influence price.

Marginal Revenue

The additional income generated from selling one more unit of a product or service.

Equilibrium

When aggregate demand equals aggregate supply.