PCB Contamination of the Environment ______________

question 52

Multiple Choice

PCB contamination of the environment ______________.

• A) is the main focus of the book Silent Spring
• B) was the main environmental problem in Lake Apopka
• C) has never been documented outside the United States
• D) is a continuing problem because PCBs are non-biodegradable and persist in the environment
• E) results from over-application of pesticides

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Definitions:

Perfectly Inelastic

A market condition where the quantity demanded does not change as the price changes.

Price Elasticity

A measure of how sensitive the quantity demanded of a good is to a change in its price.

Consumer Purchases

This term refers to the buying of goods and services by consumers for their personal use.

Price Elasticity Coefficient

A measure used in economics to show how the quantity demanded of a good or service responds to a change in its price, calculated as the percentage change in quantity demanded divided by the percentage change in price.