Which of the Following Is Evidence of a Shortage of Chocolate

question 41

Multiple Choice

Which of the following is evidence of a shortage of chocolate?

• A)Firms lower the price of chocolate.
• B)The price of chocolate is raised in order to increase sales.
• C)The equilibrium price of chocolate falls due to a decrease in demand.
• D)The quantity of chocolate demanded is greater than the quantity supplied.

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Definitions:

Enzyme

Organic compounds that considerably accelerate nearly all chemical processes occurring inside cells.

Biochemical Reactions

Processes that involve the transformation of substances within living organisms, driven by enzymes.

Catalyze

To accelerate a chemical reaction without being consumed or altered in the process.

Enzymes

Biologically derived entities that drastically increase the pace of essentially all chemical transformations within cell boundaries.