Which of the Following Statements Must Be True of an Intermediate

question 70

Multiple Choice

Which of the following statements must be true of an intermediate in a reaction mechanism?
I. is produced in an elementary step
II. is consumed in an elementary step
III. is included in the overall balanced reaction equation

• A)I only
• B)II only
• C)III only
• D)I and II only
• E)I, II, and III

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Definitions:

Substitution Effect

Substitution Effect occurs when consumers replace more expensive items with cheaper alternatives in response to changes in relative prices, holding their overall satisfaction constant.

Relative Prices

Relative prices express the price of one good or service in comparison to another, revealing their value relative to each other rather than in absolute monetary terms.

Inferior Good

A type of good for which demand decreases as the income of the consumer increases, in contrast to normal goods where demand increases with rising income.

Normal Good

A good for which demand increases as the income of the consumer increases, and vice versa, holding all other factors constant.