Researchers Just Released the Results of a Study That Shows

question 37

Multiple Choice

Researchers just released the results of a study that shows eating fish at least four times a week dramatically decreases adults' risk of heart disease.What will likely result from this new information?

• A) The demand for fish will decrease.
• B) The supply of fish will decrease,causing a decrease in the price.
• C) The demand for fish will increase at every price.
• D) The demand for fish will decrease at every price.
• E) The demand for fish will likely remain the same,but the market price will adjust.

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Definitions:

Scienter

A legal term referring to the knowledge of wrongdoing or fraudulent intent in actions leading to harm or damage.

CPA Firm

A company that provides accounting, auditing, tax, and business consulting services, staffed by certified public accountants (CPAs).

Ultramares Rule

A legal doctrine limiting the liability of auditors to third parties in cases of negligence, unless a prima facie case of fraud could be proven.

Primary Benefit Test

A legal principle used to determine who is primarily benefited by a service or transaction, often applied in labor law and contract disputes.