Asked by Bimala Sharma Acharya on Jul 18, 2024
Verified
As the baby boom ended,fewer families had young children and,as a consequence,the:
A) quantity demanded of preschool services decreased.
B) demand curve for preschool services shifted inward.
C) supply curve for preschool services shifted outward.
D) supply curve for preschool services shifted inward.
E) quantity demanded of preschool services increased.
Baby Boom
A significant increase in the birth rate, particularly the post-World War II population surge between 1946 and 1964.
Quantity Demanded
The total amount of a good or service that consumers are willing and able to purchase at a specific price.
Preschool Services
Educational and care services provided to children, typically between the ages of 3 and 5, aimed at early childhood development and preparation for formal schooling.
- Comprehend the impact of shifts in consumer preferences and demographic changes on market demand.
Verified Answer
EN
elias ndong abaga abagaJul 19, 2024
Final Answer :
B
Explanation :
The end of the baby boom resulted in fewer families with young children, meaning that there were fewer potential customers for preschool services. This decrease in demand would cause the demand curve for preschool services to shift inward.
Learning Objectives
- Comprehend the impact of shifts in consumer preferences and demographic changes on market demand.