Which of the Following Statements Is True

question 63

Multiple Choice

Which of the following statements is true?

• A) Men live longer than women.
• B) Women are more likely than men to report that their health is excellent.
• C) Life expectancy at birth in 2005 was 82 years.
• D) The lower a person's income, the greater the likelihood s/he will report poor health status.

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Definitions:

Equilibrium Price

The price at which the quantity of a good demanded by consumers equals the quantity supplied by producers, resulting in a stable market condition.

Demand Decreases

A reduction in the quantity of a good that consumers are willing and able to buy at each possible price.

Equilibrium Quantity

The amount of goods or services supplied and demanded at the equilibrium price, where the quantity supplied equals the quantity demanded.

Demand Increases

A situation in which the quantity of a product or service that consumers are willing and able to buy at a specific price rises.