Figure 5-4 -Refer to Figure 5-4.Assume,for the Good in Question,two Specific Points

question 242

Multiple Choice

Figure 5-4
-Refer to Figure 5-4.Assume,for the good in question,two specific points on the demand curve are (Q = 2,000,P = $15) and (Q = 2,400,P = $12) .Then which of the following scenarios is possible?

• A)Both of these points lie on section BC of the demand curve.
• B)The vertical intercept of the demand curve is the point (Q = 0,P = $22).
• C)The horizontal intercept of the demand curve is the point (Q = 5,000,P = $0).
• D)Any of these scenarios is possible.

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Definitions:

Freons

A trademarked name for a group of chlorofluorocarbon (CFC) and hydrochlorofluorocarbon (HCFC) gases used primarily as refrigerants and aerosol propellants, now commonly linked to ozone depletion.

Propellants

Chemicals that are used to propel an object by generating gas under pressure; common in rockets and aerosol cans.

Aerosol Cans

Containers that use pressurized gas to dispense substances in a fine spray.

N-hexane

A straight-chain alkane with the formula C6H14, used as a non-polar solvent in the extraction of edible oils from seeds and vegetables.