The City of Burlington Gets Very Hot Each Summer and Very

question 121

Multiple Choice

The city of Burlington gets very hot each summer and very cold each winter.We would expect the demand for lemonade to:

• A) increase constantly.
• B) decrease each summer and increase each winter.
• C) increase each summer and decrease each winter.
• D) decrease constantly.

---

Definitions:

Government Quota

A limit set by a government on the amount or value of a good that can be imported or exported over a specified period.

Supply Price

The price of a given quantity at which producers will supply that quantity.

Quota Limit

The total amount of a good under a quota or quantity control that can be legally transacted.

Demand Price

The price at which consumers are willing to buy a specific quantity of a good or service.