Which Statement Describes a Physical Change

question 67

Multiple Choice

Which statement describes a physical change?

• A)winding an alarm clock
• B)turning on a flashlight
• C)digesting your lunch
• D)burning the morning toast
• E)lighting a match

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Definitions:

Marginal Decision Rule

An economic principle which suggests that action should continue until marginal benefit equals marginal cost, optimizing resource allocation.

Downward-Sloping Demand

A representation of the relationship between the price of a good and the quantity demanded, illustrating that as price decreases, demand typically increases.

Number Of Firms

The total count of business entities operating within a specific market or industry.

Price Taker

A market participant that accepts prevailing prices as given, having no influence to alter the price of a good or service.