People Have Become More Concerned About the Negative Health Effects

question 27

Multiple Choice

People have become more concerned about the negative health effects of eating carbohydrates and fat. Considering these effects only, which of the following best describes the likely effect of this trend on the market for high-carb, high-fat snacks?

• A) Demand shifted to the left leading to a decline in equilibrium price and quantity.
• B) Quantity demanded fell leading to a decline in equilibrium price and quantity.
• C) Supply shifted to the left leading to a rise in equilibrium price and a decline in equilibrium quantity.
• D) Demand and supply both shifted to the left leading to a decline in equilibrium price and quantity.

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Definitions:

Perception

The process by which organisms interpret and organize sensation to produce a meaningful experience of the world.

Turing Test

A measure of a machine's ability to exhibit intelligent behavior equivalent to, or indistinguishable from, that of a human.

Natural Language Processing

The branch of artificial intelligence focused on enabling computers to understand, interpret, and generate human language in a meaningful way.

Crowdsourcing

The practice of obtaining information, ideas, or content by soliciting contributions from a large group of people, typically from an online community.