Researchers Demonstrate Conclusively That Drinking 4-6 Ounces of Ginger Ale

question 194

Multiple Choice

Researchers demonstrate conclusively that drinking 4-6 ounces of ginger ale each day increases life expectancy by 3 years.What happens in the market for ginger ale?

• A) The equilibrium price falls, and the equilibrium quantity rises.
• B) The equilibrium price rises, and the equilibrium quantity falls.
• C) The equilibrium price and quantity rise.
• D) The equilibrium price and quantity fall.

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Definitions:

Sampling Bias

A systematic error that occurs in research when the sample is not representative of the population from which it's drawn, potentially skewing outcomes.

Institutional Review Board

A group of scholars within a university who meet regularly to review and approve the research proposals of their colleagues and make recommendations for how to protect human subjects.

Ethics

Ethics involve moral principles that govern a person's behavior or the conduct of an activity, often reflecting what is considered right and wrong.

Safety

The condition of being protected from or unlikely to cause danger, risk, or injury, often referenced in the context of health, environment, and work.