Most People Marry Someone Who Is Similar to Themselves in Values,beliefs,etc.This

question 119

Multiple Choice

Most people marry someone who is similar to themselves in values,beliefs,etc.This is called:

• A) the matching hypothesis.
• B) homogamy.
• C) propinquity.
• D) value consensus.

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Definitions:

Market Price

The market rate for buying or selling an asset or service in a public trading environment.

Producer Surplus

The gap between the minimum amount sellers are prepared to accept for a product or service and the actual payment they get.

Equilibrium

The point at which the quantity of a product or service demanded by consumers equals the quantity supplied by producers, leading to a stable market condition.

Market Equilibrium

The condition in which a market's supply and demand balance each other, and as a result, prices become stable.