Bob and Connie Have Raised Three Children

question 428

Multiple Choice

Bob and Connie have raised three children. The youngest has just graduated from college and is about to leave home to take a job in another city. Over the next few years, Bob and Connie can expect to experience:

• A) the dissatisfaction, loneliness, and boredom that accompanies the "empty nest" syndrome.
• B) a sharp decrease in marital satisfaction.
• C) a steady increase in marital satisfaction.
• D) no noticeable change in their marital relationship or level of marital satisfaction.

---

Definitions:

Demand Curves

Graphical representations showing the relationship between the price of a good and the quantity demanded by consumers at various price levels.

Supply Curves

Graphical representations showing the relationship between the price of a good and the quantity of the good that producers are willing to supply.

Willingness To Pay

The maximum amount an individual is prepared to spend to obtain a good or service or to avoid something undesirable.

Consumer Surplus

Consumer surplus is the difference between the maximum price consumers are willing to pay for a product or service and the actual price they pay.