-Refer to Exhibit 4-4

question 93

Multiple Choice

-Refer to Exhibit 4-4.Which of the following statements is false?

• A) Graph (1): A price ceiling set at P₂ would not have an impact on the market.
• B) Graph (2): As supply increases,equilibrium price remains constant.
• C) Graph (3): As demand increases,equilibrium quantity remains constant.
• D) Graph (4): As supply increases,equilibrium quantity increases.

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Definitions:

Oxygen Source

A material or device that releases oxygen, used in various applications such as medical oxygen supplies, water treatment, and as a reactant in chemical processes.

Incomplete Combustion

A reaction process where fuel burns in insufficient oxygen, producing carbon monoxide, soot, or carbon alongside water.

Flammable Compounds

Substances that can ignite easily and burn rapidly, typically releasing heat and light.

Smoke Explosion

A sudden and intense combustion of suspended particles in a confined area, resulting from a mixture of air and combustible materials.