Choose the INCORRECT Statement

question 96

Multiple Choice

Choose the INCORRECT statement.

• A)Gypsum is CaSO₄ ∙ 2H₂O.
• B)Plaster of Paris is calcium sulfate hexahydrate.
• C)Quicklime is calcium oxide.
• D)Slaked lime is calcium hydroxide.
• E)Mortar used in bricklaying is made of slaked lime,sand,and water.

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Definitions:

Demand Curve

A graphical representation of the relationship between the price of a good and the quantity demanded, typically downward sloping, indicating an inverse relationship.

Marginal Cost

The cost of producing one more unit of a good or service, considering variable costs but not fixed costs.

Block Pricing

Practice of charging different prices for different quantities or “blocks” of a good.

Price Discrimination

Practice of charging different prices to different consumers for similar goods.