Use the Following to Answer the Questions Below

question 34

Multiple Choice

Use the following to answer the questions below:
In each of the following multiple-choice questions, characterize EACH of the three given statements as being TRUE or FALSE and then indicate the collective true-false status of the statements using the choices:
-Statements:
(1) A Fischer projection is a three-dimensional notation for showing the spatial arrangements of groups of atoms about chiral centers in a molecule.
(2) Cyclic forms of aldoses result from intermolecular hemiacetal formation.
(3) All physical properties of enantiomers are the same.

• A) All three statements are true.
• B) Two of the three statements are true.
• C) Only one of the statements is true.
• D) None of the statements is true.

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Definitions:

Income Elasticity

A measure of how the demand for a good or service changes relative to a change in consumers' income.

Normal Good

A good for which demand increases as the income of consumers increases and decreases as the income of consumers decreases.

Inferior

A term used in economics to describe goods whose demand decreases as the income of the consumer increases, contrasted with normal goods.

Input Costs

Input costs are the prices of the raw materials, labor, and other resources required to produce a good or service.