If a Drought Increases the Price of Corn by 10

question 48

Multiple Choice

If a drought increases the price of corn by 10% and decreases the quantity of corn demanded by 5%,then demand for corn is

• A)elastic and total revenue to corn farmers will decrease.
• B)inelastic and total revenue to corn farmers will decrease.
• C)elastic and total revenue to corn farmers will increase.
• D)inelastic and total revenue to corn farmers will increase.

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Definitions:

ATP

Adenosine triphosphate, a molecule that stores and transfers energy within cells, facilitating various biochemical processes.

Concentration Gradient

A difference in the concentration of a substance across a distance, which drives the passive movement of particles from an area of high to low concentration.

Exocytosis

A process by which cells release substances to the external environment by vesicles fusing with the plasma membrane.

Secretory Vesicles

Membrane-bound vesicles containing substances that are to be secreted or transported out of the cell.