The Following Graph Shows the Demand for and the Supply

question 60

Multiple Choice

The following graph shows the demand for and the supply of a good in a country.If the world price of the good is $2.00 per unit and an import quota of 50 units per month is imposed,then:

• A)domestic production will increase from 100 to 200 units per month.
• B)imports will increase from 25 to 50 units per month.
• C)domestic production will increase from 100 to 175 units per month.
• D)domestic production will increase from 100 to 125 units per month.
• E)domestic production will increase from 100 to 150 units per month.

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Definitions:

ATP

Adenosine triphosphate, a high-energy molecule used for energy storage by organisms. In cellular processes, it releases energy when it is broken down into ADP and phosphate.

Metabolism

The set of life-sustaining chemical reactions in organisms, involving the conversion of food into energy, the creation of building blocks for proteins, lipids, nucleic acids, and some carbohydrates, and the elimination of metabolic wastes.

Chemical Reactions

Processes in which substances interact to form new products, involving the rearrangement of atoms or the transfer of electrons.

Energy Release

The process of making energy available for use by the body, typically through the breakdown of nutrients in cells to produce ATP, the energy currency of the cell.