Consider the Market for Cupcakes, Which Is Currently in Equilibrium

question 42

Multiple Choice

Consider the market for cupcakes, which is currently in equilibrium. Now, suppose that two events happen simultaneously: (1) the price of sugar, used in the production of cupcakes, decreases and (2) the American Heart Association announces that consumption of excess sugar is extremely dangerous to one's health, reducing the popularity of cupcakes. What effect might these events have on the market for cupcakes?

• A) The equilibrium price will fall and the equilibrium quantity will rise.
• B) The equilibrium quantity will fall, but the change in the equilibrium price cannot be determined.
• C) The equilibrium price will rise and the equilibrium quantity will fall.
• D) The equilibrium price will fall, but the change in the equilibrium quantity cannot be determined.

Recognize the importance of leadership skills in nursing practice.

Understand the role of patient, family, and community in health care.

Implement evidence-based practice in nursing care.

Assess and address the health care needs of patients and populations served.

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Definitions:

Congress Powers

The legislative powers granted to the U.S. Congress by the Constitution, including taxing, spending, and regulating interstate commerce.

Rational Basis Test

A standard of judicial review that requires a law to be rationally related to a legitimate government interest.

Means-Ends Test

A method of ethics that evaluates actions by examining the goals they seek to achieve and the means used to achieve those goals.

Full Strict Scrutiny

A legal standard requiring the government to prove that a law or policy is necessary to achieve a compelling state interest and is narrowly tailored to achieve that interest.