Which of the Following Correctly Ranks Lightbulb Types from Most

question 22

Multiple Choice

Which of the following correctly ranks lightbulb types from most to least efficient?

• A) incandescent > compact fluorescent > LED
• B) compact fluorescent > LED > incandescent
• C) LED > compact fluorescent > incandescent
• D) LED > incandescent > compact fluorescent
• E) compact fluorescent > incandescent > LED

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Definitions:

Equilibrium Quantity

The quantity of goods or services that is supplied and demanded at the equilibrium price, where market supply and demand balance each other.

Supply Decrease

A situation in economics where the amount of a certain good or service that producers are willing to provide at a specific price level reduces.

Demand Decrease

A reduction in the quantity of a good or service that consumers are willing and able to purchase at various prices.

Quantity Supplied

The total amount of a good or service that producers are willing and able to sell at a certain price over a specific period.