In Reference to Exhibit 3-5, Assume the Price of Tucker's

question 123

Multiple Choice

In reference to Exhibit 3-5, assume the price of Tucker's Cola is $1.00 per gallon. If the price were to rise to $3.00 per gallon, and all other factors, such as taxes, etc. remained constant, the result would be a(n) :

• A) decrease in supply.
• B) increase in supply.
• C) decrease in quantity supplied.
• D) increase in quantity supplied.

---

Definitions:

Overweight American Women

Refers to women in the United States whose body mass index (BMI) is 25 or higher, indicating they have more body fat than what is considered healthy for their height.

Household Income

The combined gross income of all members of a household, regarded as one economic unit.

Less Schooling

A situation or condition where individuals receive less formal education than the average or expected standard.

Prejudice

Is an attitude that judges a person according to his or her group’s real or imagined characteristics.