Suppose That Recent Studies Conclude That High-Fiber Diets Do Not

question 172

Multiple Choice

Suppose that recent studies conclude that high-fiber diets do not reduce the risk of developing colon cancer as was previously thought. The likely result will be that the:

• A)quantity demanded of high-fiber foods will fall.
• B)demand for high-fiber foods will decrease.
• C)supply of high-fiber foods will increase.
• D)price of high-fiber foods will rise.

---

Definitions:

Present Consumption

The consumption of goods and services in the current period, as opposed to saving for future consumption.

Precommitments

Commitments made in advance to a specific course of action, often used as a strategy to restrain one's future actions.

Salary Smoothing

The practice of moderating the fluctuations in an employee's pay through methods that stabilize income, such as averaging earnings over time or providing benefits that reduce the impact of income variability.

Payroll Deductions

The amounts withheld from an employee's payroll for taxes, insurance premiums, benefits, and other similar expenses.