Case-Based Critical Thinking Questions

question 13

Multiple Choice

Case-Based Critical Thinking Questions
Case 4-1
In PowerPoint 2016, Jake wants to change the slide background to a photo on his computer. He is walking through a tutorial given to him by a co-worker.
-Once Jake has selected the correct tab, he clicks the Format Background button that can be found in the _____ group.

• A)Photo
• B)Customize
• C)Create
• D)Background

---

Definitions:

Substitute

A good or service that can be used in place of another, allowing consumers to switch between them based on price, preference, or availability.

Equilibrium

A situation where the supply and demand in the market are equal, leading to stable prices.

Margarine

A spread used as a substitute for butter, made from vegetable oils or animal fats.

Producer Surplus

The difference between what producers are willing to sell a good for and the price they actually receive.