Cohabiting couples__________________?
Correct answer: B. represent an example of premarital life
- A. are predominantly homosexual
- B. represent an example of premarital life
- C. are an old phenomenon
- D. represent the great majority of couples
Explanation
Cohabitation commonly refers to unmarried partners living together, often as a premarital arrangement. Cohabiting couples are not predominantly homosexual, nor do they represent the majority of all couples.
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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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