The Great Depression Left in the Most Desperate Poverty of Any

question 9

Multiple Choice

The Great Depression left in the most desperate poverty of any age group.

• A) children
• B) young adults
• C) middle-aged adults
• D) the elderly

---

Definitions:

Equilibrium Price

The rate in the marketplace at which the volume of goods being offered is the same as the volume of goods being sought.

Equilibrium Quantity

The quantity of a good or service at which demand meets supply.

Supply Decreases

A situation in which the quantity of a product or service offered in the market declines due to various factors like increased production costs or reduced number of suppliers.

Invisible Hand Concept

A term coined by Adam Smith to describe the self-regulating nature of the marketplace, guiding individuals to contribute to economic activities that benefit society.