What Is the Great Migration

question 2

Multiple Choice

What is the Great Migration?

• A) the movement of African Americans from the rural South to industrial cities of the North
• B) the movement of Latinos from Central and South America to the American Southwest
• C) the movement of Mormons to present-day Utah
• D) the movement of European Jews to Palestine in the 1920s

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Definitions:

Inelastic

A characteristic of goods whose demand or supply is not significantly affected by changes in price.

Nondiscriminating Monopolist

A monopolist who charges the same price for all units of output sold, not engaging in price discrimination between different consumers.

Elastic

Describes a situation where the quantity demanded or supplied of a good or service changes significantly when its price changes.

Imperfectly Competitive Market

A market structure where the assumptions of perfect competition, such as identical products and many buyers and sellers, are not fully met.