$\text { Demand and Supply Schedules for Chocolate Bars }$

question 48

Multiple Choice

$\text { Demand and Supply Schedules for Chocolate Bars }$
$\begin{array}{|c|c|c|}\hline \begin{array}{c}\text { Price } \\(\$) \end{array} & \begin{array}{c}\text { Quantity Demanded } \\\text { (thousandsperweek) }\end{array} & \begin{array}{c}\text { Quantity Supplied } \\\text { (thousands per week) }\end{array} \\\hline 2.00 & 1500 & 2100 \\\hline 1.80 & 1600 & 2050 \\\hline 1.60 & 1700 & 2000 \\\hline 1.40 & 1800 & 1950 \\\hline 1.20 & 1900 & 1900 \\\hline 1.00 & 2000 & 1850 \\\hline 0.80 & 2100 & 1800 \\\hline 0.60 & 2200 & 1750 \\\hline 0.40 & 2300 & 1700 \\\hline\end{array}$
$\text { TABLE 5-1 }$
-Refer to Table 5- 1. Suppose the government established a price floor of $1.00 per chocolate bar. How many thousands of chocolate bars would be exchanged per week?

• A) 1800
• B) 1850
• C) 2100
• D) 1900
• E) 2000

Identify the legal consequences of unethical communication in media.

Recognize the critiques and limitations of different ethical theories and codes in public relations.

Comprehend the fundamental principles protected by the U.S. Constitution relevant to freedom of speech and press.

Define and differentiate between key legal terms such as libel, slander, and intrusion.

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Definitions:

Private Cost

The direct cost that producers or consumers incur through their actions, not including externalities.

Private Value

Refers to the value that an individual or a private entity assigns to a good or service, based on personal assessment rather than market perception.

Economists

Experts in economics who study, develop, and apply theories and concepts about how economies work and distribute resources.

Polluting

The act of discharging harmful substances into the environment, negatively affecting air, water, and soil quality.