A Convenience Store Provides Utility for Customers Because It Makes

question 19

Multiple Choice

A convenience store provides utility for customers because it makes it easy for them to purchase a few essentials when they stop for gasoline.This is an example of ____ utility.

• A)time
• B)statistical
• C)form
• D)quality
• E)All of these.

---

Definitions:

Emission Control Devices

Technologies or equipment installed on vehicles or industrial plants to reduce pollutants released into the atmosphere.

External Costs

Costs that are not borne by the parties involved in an economic transaction but by other individuals or society at large.

Auto Pollution

Auto pollution refers to the emissions generated by motor vehicles that contribute to air pollution.

Equilibrium Price

Equilibrium price is the price at which the quantity of a good demanded equals the quantity supplied, thus no surplus or shortage exists.