Flexible Pricing Chart
-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 more,respectively,for a new car in the $21,000 range than the typical purchaser.Who are the car buyers in "B?"
A) women
B) the elderly
C) Hispanics
D) African Americans
E) Asian Anericans

Question

Flexible Pricing Chart
-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 more,respectively,for a new car in the $21,000 range than the typical purchaser.Who are the car buyers in "B?"
A) women 
B) the elderly 
C) Hispanics 
D) African Americans 
E) Asian Anericans

Quizplus · Accepted Answer

According to the chart, group B paid an average of $423 more for a car in the $21,000 range than the typical purchaser. The group identified as paying more in this category is "African Americans." Therefore, the best choice is D.

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