Which of the Following Statements Is LEAST-Likely True

question 7

Multiple Choice

Which of the following statements is LEAST-Likely true?

• A) Gasoline can be stored in a glass container.
• B) A flammable liquid's flash point is the temperature at which the vapors will ignite when brought into contact with an open flame.
• C) Never use gasoline to clean floors or parts.
• D) Do not attempt to siphon gasoline with your mouth.

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Definitions:

Willingness to Pay

The maximum price at which a consumer will buy a good or service.

Basketball Sneakers

Athletic shoes designed specifically for playing basketball, offering features such as enhanced grip, ankle support, and shock absorption.

Consumer Surplus

The difference between the maximum price consumers are willing to pay and the actual price they do pay.

Lois's Consumer Surplus

Generally refers to a consumer surplus but appears to erroneously attribute it to an individual named Lois; consumer surplus is the difference between what consumers are willing to pay for a good or service versus what they actually pay.