The Figure Given Below Represents the Equilibrium Price and Output

question 61

Multiple Choice

The figure given below represents the equilibrium price and output in the market for restaurant meals and delivery meals. Figure 4.1 Refer to Figure 4.1.The demand for Restaurant Meals shift in one direction while the demand for Delivery Meals shift in another direction.Which of the following impacts will it have on the quantity of Restaurant Meals and Delivery meals purchased by consumers?

• A)The quantity of Restaurant Meals purchased declines while the quantity of Delivery Meals purchased rises.
• B)The quantity of Restaurant Meals purchased rises while the quantity of Delivery Meals purchased declines.
• C)Both the quantity of Restaurant Meals purchased and the quantity of Delivery Meals purchased declines.
• D)Both the quantity of Restaurant Meals purchased and the quantity of Delivery Meals purchased increases.
• E)The quantity of Restaurant Meals purchased and the quantity of Delivery Meals purchased add up to 100.

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Definitions:

1-Methylcyclohexane-1,4-diol

A compound featuring a cyclohexane ring with a methyl group and two hydroxyl groups positioned at the 1 and 4 positions.

Benzyl Alcohol

A type of alcohol with the formula C6H5CH2OH, characterized by a benzene ring attached to a CH2OH group.

Methyl Benzoate

An organic compound formed from the esterification of benzoic acid with methanol, characterized by a sweet smell and used in perfumery.

Aldehyde Treatment

A chemical process involving the reaction of an aldehyde group, often resulting in the introduction of new functional groups.