Suppose That the Quantity Demanded of a Good Rises from 40

question 104

Multiple Choice

Suppose that the quantity demanded of a good rises from 40 units to 60 units per month when the price falls from $1.05 to 95 cents per unit.The price elasticity of demand for this product is

• A)0.5.
• B)1.0.
• C)1.5.
• D)2.0.
• E)4.0.

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Definitions:

Genetic Expressions

The process by which information from a gene is used in the synthesis of a functional gene product, like a protein.

Allelic Frequencies

The relative frequencies of different alleles of a particular gene within a population, which can change over time due to evolutionary pressures.

Genetic Expressions

The process by which information from a gene is used in the synthesis of a functional gene product, often leading to the manifestation of a particular trait.

Gene Pool

The total collection of different genes in an interbreeding population.