The Market for Lemonade Is in Equilibrium and the Price

question 215

Multiple Choice

The market for lemonade is in equilibrium and the price of lemons rises.In the lemonade market _____ will _____,_____ the price and _____ the quantity.

• A)demand;decrease;decreasing;decreasing
• B)demand;decrease;increasing;decreasing
• C)supply;increase;decreasing;increasing
• D)supply;decrease;increasing;decreasing

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Definitions:

Irreversible Change

A permanent alteration of a substance or system from which recovery or return to the original condition is impossible under normal conditions.

Enzymes

Biological molecules that significantly speed up the rate of virtually all of the chemical reactions that take place within cells.

Organic Compounds

Chemical compounds that contain carbon-hydrogen bonds, including a wide range of substances such as fuels, plastics, food additives, and drugs.

Proteins

Large, complex molecules made of amino acids that perform a vast array of functions in living organisms, including structural, enzymatic, and regulatory roles.