Which Is True of Bottled Water? (Select All That Apply

question 44

Multiple Choice

Which is true of bottled water? (Select all that apply.)

• A) Most bottled water contains fluoride.
• B) Bottle water also includes flavored and nutrient-added waters.
• C) Bottle water is regulated by the U. S. Food and Drug Administration (FDA).
• D) The USDA mandates that nutrient-added and flavored waters not contain kilocalories.

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Definitions:

Substitutes

Products or services that can be used in place of each other, where an increase in the price of one leads to an increase in demand for the other.

Market-Clearing Level

Market-Clearing Level is the price point at which the quantity of goods supplied is equal to the quantity of goods demanded, eliminating any surplus or shortage in the market.

Quantity Supplied

The total amount of a good or service that producers are willing and able to sell at a given price over a specific period.

Quantity Demanded

The aggregate quantity of a product or service that buyers are prepared and capable of buying at a certain price point.