ECONOMICS
DEMAND
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Demand was raised for different goods with each age the baby boomers reached
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After they reached the teenage years, the baby boomers were integrated into the society and no longer affected demand
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People were poorer because they had so many children, so demand was lowered
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The baby boomers did not raise demand until they became adults, when they gad their own money to spend
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Detailed explanation-1: -The baby boomers did not raise demand until they became adults, when they had their own money to spend. People were poorer because they had so many children, so demand was lowered.
Detailed explanation-2: -How did the existence of the baby boom generation change demand in the United States? Demand was raised for different goods with each age the baby boomers reached. After they reached the teenage years, the baby boomers were integrated into the society and no longer affected demand.
Detailed explanation-3: -This generation of “baby boomers” was the result of a strong postwar economy, in which Americans felt confident they would be able to support a larger number of children. Boomers also influenced the economy as a core marketing demographic for products tied to their age group, from toys to records.
Detailed explanation-4: -Explain how the baby boom generation affected demand for certain goods. A large majority of them entered the same stages of life at the same time, so a large portion of them demand the same goods at the same time (ex: baby clothes up, then textbooks, then retirement).
Detailed explanation-5: -The term “baby boomer” is derived from the boom in births that took place after the return of soldiers from WWII.