Which of the Following Statements Pertaining to Iodine in Food

question 55

Multiple Choice

Which of the following statements pertaining to iodine in food is TRUE?

• A)Foods produced near the ocean generally have a lower iodine content.
• B)Foods grown in soil far inland typically have a high iodine content.
• C)Foods from the ocean contain high levels of iodine.
• D)The iodine content of plants grown in iodine-deficient soil may be 100 times greater than that of plants grown in iodine-rich soil.

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Definitions:

Market

Any structure that allows buyers and sellers to exchange any type of goods, services, and information.

Perfectly Inelastic

A situation in demand where the quantity demanded does not change regardless of changes in price.

Price Elasticity of Demand

A measure of how much the quantity demanded of a good responds to a change in the price of that good, computed as the percentage change in quantity demanded divided by the percentage change in price.

Binding Price Ceiling

A government-imposed limit on how high a price can be charged for a product or service, which is set below the market equilibrium price, leading to shortages.