How Old Is a Bottle of Wine If the Tritium

question 14

Multiple Choice

How old is a bottle of wine if the tritium (³H) content is 25% that of a new wine? The half-life of tritium is 12.5 years.

• A) 0.25 yr
• B) 3.1 yr
• C) 25 yr
• D) 38 yr
• E) 50. yr

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Definitions:

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price level, within a specific time frame.

Law of Supply

An economic principle stating that as the price of a good or service increases, the quantity supplied of that good or service also increases, and vice versa, all else being equal.

Law of Demand

A principle that describes the inverse relationship between the price of a good or service and the quantity demanded by consumers.

Demand for Salsa

The quantity of salsa that buyers are willing and able to purchase at various prices, reflecting consumer preferences for this product.