Table 4-1 A Market Is Represented by the Table Below

question 220

Multiple Choice

Table 4-1
A market is represented by the table below:
Quantities demanded:

-Refer to Table 4-1. If the price increases from $1 to $3:

• A) the market demand increases by 14 units
• B) the quantity demanded in the market decreases by 13 units
• C) the quantity demanded in the market decreases by 20 units
• D) the quantity demanded in the market decreases by 5 units

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Definitions:

Conjugate Base

The species that remains after an acid has donated a proton, often able to react by accepting a proton.

pKa Values

A quantitative measure that indicates the strength of an acid; it's the logarithmic constant of a compound's dissociation in water.

Acids

Substances that donate protons (H+) in a chemical reaction and have a pH less than 7 in an aqueous solution.

pH

A measure of the acidity or alkalinity of a solution, on a scale in which 7 is neutral, lower values are more acidic, and higher values are more alkaline.