Table 4.2.2. -Look at Table 4.2.2. Consumers Learn That the Rubber Ducks

question 213

Multiple Choice

Table 4.2.2.
-Look at Table 4.2.2. Consumers learn that the rubber ducks wear out batteries quickly. As a result, demand decreases by 100 rubber ducks at each price. At the same time, input prices rise and supply decreases by 100 rubber ducks at each price. The new equilibrium price is $________ and the new equilibrium quantity is ________ rubber ducks.

• A) 70; 450
• B) 70; 350
• C) 50; 450
• D) 50; 350
• E) 60; 300

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Definitions:

Abortion

The medical termination of a pregnancy before the fetus is capable of independent life.

Embryo

An embryo is an early stage of development in multicellular organisms, following fertilization and before becoming a fetus.

Genetic Engineering

The direct manipulation of an organism's genes using biotechnology to alter its characteristics in a specific way.

Prenatal Abnormalities

Any deviations from normal development in an embryo or fetus before birth.