Vignette #1 Carly Is an Overweight 21-Year-Old Who Is Committed

question 3

Multiple Choice

Vignette #1 Carly is an overweight 21-year-old who is committed to good health after taking a nutrition course. She realizes that being a savvy shopper is part of the process and decides to learn how to look more critically at food labels. She picks up two different boxes of ready-to-eat breakfast cereal and sees the food labels shown in Figure 1. Help Carly evaluate these two breakfast cereals.

Carly wants to stay healthy and decides to purchase the cereal that may help prevent heart disease and cancer. Which cereal would she buy and why?

• A) Cereal #1 because it contains more protein per serving
• B) Cereal #1 because it contains more antioxidants
• C) Cereal #2 because it has less sugar
• D) Cereal #2 because it contains more fiber and no saturated fat
• E) Both cereals would be equally effective because they both contain no cholesterol.

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Definitions:

Demand Schedule

A table listing various quantities of a good or service that consumers are willing to purchase at different price levels, illustrating the relationship between price and quantity demanded.

Price Taker

A seller (or buyer) that is unable to affect the price at which a product or resource sells by changing the amount it sells (or buys).

Price Maker

A market participant that has the power to influence the price of a product or service by controlling its supply, its demand, or both.

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers is equal to the quantity supplied by producers, leading to a market balance.