By 2050, at the Current Population Growth, the Number of People

question 44

Multiple Choice

By 2050, at the current population growth, the number of people who consider themselves to be multiracial is expected to:

• A) increase twofold.
• B) double.
• C) triple.
• D) quadruple.

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Definitions:

Equilibrium Price

The market price at which the quantity of goods demanded equals the quantity supplied, leading to market stability.

Market Demand

The combined volume of a good or service that consumers in a marketplace are ready and capable of buying at assorted prices.

Marginal Cost

The funding necessary to manufacture an extra unit of a good or service.

Average Variable Cost

The total variable costs (costs that change with production volume) divided by the quantity of output produced.