If You Could Create a Vending Machine That Could Automatically

question 98

Multiple Choice

If you could create a vending machine that could automatically increase the price when it detected people were more likely to buy soft drinks,

• A)you could only make more money if you charged the same price for all the soft drinks.
• B)you would be increasing the customer's consumer surplus.
• C)you would be decreasing the customer's consumer surplus.
• D)the customer's consumer surplus would not change.

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Definitions:

DNA

Deoxyribonucleic acid, the molecule carrying genetic instructions for the development, functioning, growth, and reproduction of all known living organisms and many viruses.

Physical Change

A type of change in which the form of matter is altered but one substance is not transformed into another, maintaining the material's chemical properties.

Carbon Dioxide

A colorless, odorless gas produced by burning carbon and organic compounds and by respiration. It is naturally present in the air and absorbed by plants in photosynthesis.

Iron

A metallic element (Fe) that is vital for biological processes in humans and other organisms, such as oxygen transport and cellular metabolism.