Which of the following observations regarding ethnic shifts in the American market is FALSE?
A) Estimates indicate that in 2010 Hispanics spent nearly $1 trillion a year.
B) Estimates indicate that in 2010 African Americans spent nearly $1 trillion a year.
C) Estimates indicate that in 2010 Asian Americans spent over $500 billion a year.
D) The buying power of ethnic submarkets is increasing rapidly.
E) None of these observations about ethnic shifts is FALSE.

Question

Quizplus · Accepted Answer

The buying power of ethnic submarkets is also increasing rapidly. Estimates indicate that in 2010 Hispanics and African Americans each spent nearly $1 trillion a year and Asian Americans over $500 billion a year.

Which of the Following Observations Regarding Ethnic Shifts in the American