Consider the Following Reaction

question 2

Multiple Choice

Consider the following reaction. What type(s) of functional group(s) is(are) produced by this reaction?

• A) amide
• B) carboxylic acid
• C) alcohol
• D) both a and b
• E) both a and c

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Definitions:

Consumer Surplus

The variance between a consumer's maximum price readiness for a product or service and the real payment made.

Marginal Buyer

The consumer whose desire or need for a product is the least among all buyers, often determining the highest price they're willing to pay in a market.

Demand Curve

A chart that illustrates the connection between a good's price and the amount that consumers want to purchase.

Consumer Surplus

The cleavage between the cumulative amount that consumers are willing to disburse for a good or service and their actual expenditure.