Arrange from Smallest to Largest: the BTU,the Joule,and the Calorie

question 80

Multiple Choice

Arrange from smallest to largest: the BTU,the joule,and the calorie.

• A)BTU,J,cal
• B)J,cal,BTU
• C)cal,BTU,J
• D)J,BTU,cal

---

Definitions:

Shortage/Surplus

A market condition: shortage occurs when demand exceeds supply, and surplus happens when supply exceeds demand.

Price Ceiling

A government-imposed limit on how high a price can be charged for a product, service, or resource.

Market Equilibrium

Market equilibrium is a condition where the quantity of a product supplied is equal to the quantity demanded, leading to a stable market price for the product.

Incidence of a Tax

The incidence of a tax refers to the distribution of the tax's economic burden among different stakeholders, such as consumers and producers.