-Consider the flexible pricing chart above,which shows the results of a National Bureau of Economic Research study of 750,000 car purchases.The data indicate that some groups of car buyers,on average,paid roughly $105,$423,and $483 respectively,for a new car in the $21,000 range than the typical purchaser.Who are the car buyers in "C?"
A)women
B)the elderly
C)Hispanics
D)African Americans
E)Asian Americans

Question

-Consider the flexible pricing chart above,which shows the results of a National Bureau of Economic Research study of 750,000 car purchases.The data indicate that some groups of car buyers,on average,paid roughly $105,$423,and $483 respectively,for a new car in the $21,000 range than the typical purchaser.Who are the car buyers in "C?"
A)women 
B)the elderly 
C)Hispanics 
D)African Americans 
E)Asian Americans

Quizplus · Accepted Answer

According to the chart, the group in "C" had an average price that was $483 less than the typical purchaser. Looking at the demographic labels on the chart, we can see that "C" represents Hispanic car buyers. Therefore, the answer is C.

-Consider the Flexible Pricing Chart Above,which Shows the Results of a National