Cohabitation_______________?
Correct answer: D. only A and B
- A. is most popular among the 24-35 age group
- B. among working couples
- C. among college-educated high-income groups
- D. only A and B
Explanation
Cohabitation is especially common among adults aged roughly 24 to 35 and among working couples. The statement about college-educated, high-income groups is not the usual generalization, so A and B are the intended correct pair.
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Individual consumers, firms and markets are examined through demand and supply, elasticity, consumer choice, production, costs, revenue and the determination of prices and output. The topic also covers market structures such as perfect competition, monopoly and oligopoly, plus market failure, externalities and the distinction between microeconomic decisions and economy-wide outcomes.
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