Scientists Have Developed a Bacterium That They Believe Will Lower

question 56

Multiple Choice

Scientists have developed a bacterium that they believe will lower the freezing point of agricultural products. This innovation could save farmers $1 billion a year in crops now lost to frost damage. If this technology becomes widely used, what will happen to the equilibrium price and quantity in, for example, the potato market?

• A) price will decrease, quantity will decrease
• B) price will decrease, quantity will increase
• C) price will increase, quantity will decrease
• D) price will increase, quantity will increase
• E) The change in equilibrium price and quantity is indeterminate.

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Definitions:

Nietzsche

A German philosopher known for his exploration of individual morality, the will to power, and the critique of religion.

Optimistic View

A tendency to look on the more favorable side of events or conditions and to expect the most favorable outcome.

Unconditional Positive Regard

A nonjudgmental acceptance and support of a person regardless of what the person says or does, as practiced in client-centered therapy.

Conditions Of Worth

Standards imposed by others, particularly during childhood, that one must meet in order to be considered valuable or worthy of love.