Describe the Differences in the Meniscuses of Water and Mercury

question 16

Multiple Choice

Describe the differences in the meniscuses of water and mercury.

• A) Both have concave meniscuses.
• B) Both have convex meniscuses.
• C) Water has a convex meniscus while mercury has a concave meniscus.
• D) Water has a concave meniscus while mercury has a convex meniscus.
• E) Neither has a meniscus.

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Definitions:

Negative Externality

A cost that affects a party who did not choose to incur that cost or benefit from it, often considered a failure of the market.

Market Inefficiency

A situation where market prices do not always accurately reflect the true value of a good or service, possibly due to lack of information or irrational behavior.

Supply And Demand Diagram

A graphical representation of the relationship between the quantities of a good that sellers are willing to sell and buyers are willing to buy, at various prices.

Negative Externality

A negative externality occurs when a product or decision costs a third party who did not choose to incur that cost.