Which of the Following Is a Reason Why Middle-Age Adults

question 31

Multiple Choice

Which of the following is a reason why middle-age adults are involved in fewer automobile accidents than younger people?

• A)Middle-aged people are less careful and take more risks.
• B)Middle-aged people have more practice and skills driving.
• C)The slowing of reaction time helps them avoid an accident.
• D)Middle-aged people have better insurance coverage,so they take more risks.

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Definitions:

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers.

Surplus

A surplus refers to the amount by which the quantity of a good produced or supplied exceeds the quantity demanded, often leading to price reductions.

Equilibrium Price

The price at which the quantity of a good or service demanded meets the quantity supplied, resulting in no surplus or shortage.

Surplus

An excess amount of a commodity or resource beyond what is needed or utilized.