If an Increase in the Price of Lemonade Results in People

question 36

Multiple Choice

If an increase in the price of lemonade results in people with lemonade stands having more income, then it can be argued that the price increase

• A)acted as an incentive.
• B)resulted in a redistribution of income.
• C)acted as a transfer price.
• D)reduced competition.
• E)acted a signal.

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Definitions:

Spiracles

Small openings found on the surface of some animals, such as insects and spiders, that lead to their respiratory systems.

Gills

The respiratory organs of aquatic animals that extract dissolved oxygen from water and release carbon dioxide.

Respiratory Gases

Gases involved in the process of respiration, primarily oxygen (O2) for inhalation and carbon dioxide (CO2) for exhalation.

Spiracles

Small openings on the surface of some animals, such as insects, that allow air to enter and exit the respiratory system.