While Reading a Magazine James Notices an Ad for a Safe

question 35

Multiple Choice

While reading a magazine James notices an ad for a safe weight loss supplement that promises rapid weight loss.Which claims and/or terms used in the ad are red flags?​

• A)​safe only
• B)promises rapid weight loss
• C)supplement only
• D)safe; promises rapid weight loss
• E)​safe; supplement

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Definitions:

Market Price

The current value at which an asset or service can be bought or sold in the open market.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a specific price, at a given time.

Quantity Supplied

The amount of a good that producers are willing and able to sell at a given price over a specified period of time.

Surplus

A surplus of goods or services available compared to the demand, typically resulting in lower prices.