If You Drink, Keep Alcohol Consumption to Moderate Levels-No More

question 14

Multiple Choice

If you drink, keep alcohol consumption to moderate levels-no more than ____ drinks per day for women and ____ per day for men.

• A) two, three
• B) three, two
• C) one, two
• D) two, one

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Definitions:

Demand Functions

Mathematical expressions that show the relationship between the quantity demanded of a good or service and its price.

Market Equilibrium

A condition in a market where the quantity supplied is equal to the quantity demanded at a certain price level.

Markup

The amount that retailers add on to the wholesale price of an item.

Selling Price

The amount of money a buyer pays to purchase a product or service.