Use the Following to Answer Questions

question 78

Multiple Choice

Use the following to answer questions:
Figure: Water Market
-(Figure: Water Market) Refer to the figure. If a price floor in the diagram gets set at $8 a gallon, how big is the shortage or surplus?

• A) 60,000 gallons in surplus
• B) 120,000 gallons in surplus
• C) 60,000 gallons in shortage
• D) 12,000 gallons in shortage

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Definitions:

Ethical Issue

A dilemma or situation that requires a choice between options that are or seem to be morally right or wrong.

Conflicting Principles

A situation where two or more ethical, legal, or moral guidelines are in opposition to each other, making decision-making complex.

Prosecutorial Ethical Situation

Scenarios involving ethical dilemmas or decisions within the realm of prosecuting legal cases.

Death Penalty

A form of capital punishment in which the government executes someone as retribution for committing a crime.