When You Remove a Cold Beverage from a Refrigerator in a Humid

question 53

Short Answer

When you remove a cold beverage from a refrigerator in a humid room, water vapour condenses on the sides of the container. Does this condensation act to warm or cool the beverage, or does it have no effect on the beverage's temperature?

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Definitions:

Market

A system or an area where buyers and sellers interact to trade goods, services, or financial instruments.

Positive Externality

A benefit gained by a third party not directly involved in a transaction or activity, where the social or economic gain is not reflected in the market price.

Social Planner

A theoretical decision-maker in economics who aims to achieve optimal outcomes for society by considering the allocation of resources and distribution of goods and services.

Subsidy

A payment made by the government to a firm, industry, or individual, usually to encourage the production of a certain good or service or to reduce its price for consumers.