If the Demand Is Unit Elastic, a Price Cut Will

question 464

True/False

If the demand is unit elastic, a price cut will leave the quantity demanded unchanged.

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Definitions:

Reproductive Isolation

A set of mechanisms that prevent different species from mating or ensure that any offspring produced are sterile.

Fruit Flies

Small flies used extensively in genetic research due to their short life cycles and well-understood genetics, often of the species Drosophila melanogaster.

Hawaiian Island

An archipelago in the central Pacific Ocean, consisting of numerous islands and atolls, known for its unique ecosystems and as a popular tourist destination.

Gene Flow

The transfer of genetic variation from one population to another, which can lead to changes in the genetic composition of populations.