Refer to the Accompanying Figure

question 29

Multiple Choice

Refer to the accompanying figure. Suppose the solid line represents the current supply of Star Wars action figures. If retailers learn that a new Star Wars movie will be released in several months, this news is likely to cause:

• A)a decrease in the quantity supplied, but no change in current supply.
• B)neither a change in supply nor a change in quantity supplied since only future demand will change.
• C)current supply to shift to S(B)in anticipation of higher future prices.
• D)current supply to shift to S(A)in anticipation of higher future prices.

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Definitions:

Food

Nutritious substances consumed by organisms for growth, repair, and maintenance of vital functions.

Fatty Acids

Long hydrocarbon chains that are a major component of lipids, serving as energy sources and structural elements in cell membranes.

Monoglycerides

Molecules made of one fatty acid attached to a glycerol backbone, important as emulsifiers in food production.

Small Intestine

A part of the gastrointestinal tract where most of the digestion and absorption of nutrients occurs.