An Inventor Discovers a Harmless and Tasteless Salt,which Changes Its

question 21

Multiple Choice

An inventor discovers a harmless and tasteless salt,which changes its boiling point when added to water.The market value for this salt will be best if the salt

• A)lowers the boiling point of water.
• B)raises the boiling point of water.
• C)either raises or lowers the boiling point,as the food would be cooked either way.

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Definitions:

Bushels Demanded

The quantity of a commodity, measured in bushels, that consumers are willing to purchase at a given price.

Bushels Supplied

A measurement reflecting the quantity of a commodity, like grain, provided for sale at a given time.

Market Equilibrium

A state in a market where supply equals demand, and neither buyers nor sellers have the incentive to change prices or quantities.

Demand Curves

Graphical representations showing the relationship between the price of a good or service and the quantity demanded for a given period.