If Supply Is Highly Elastic and Demand Shifts to the Left

question 116

Multiple Choice

If supply is highly elastic and demand shifts to the left:

• A) price will fall significantly; quantity hardly changes at all.
• B) price will hardly change at all; quantity will fall significantly.
• C) price will fall significantly as will quantity.
• D) price and quantity will hardly change at all.

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Definitions:

Phenotypes

The observable physical or biochemical characteristics of an organism, determined by both genetic makeup and environmental influences.

Type O Blood

A blood type characterized by the absence of A and B antigens on the surface of red blood cells, making it universally compatible as a donor.

Type AB Blood

A blood type in the ABO blood group system that has both A and B antigens on the surface of the red blood cells and no antibodies in the plasma against either antigen.

Dosage Compensation

A mechanism to balance the expression of X-chromosomal genes in organisms with sex chromosomes, ensuring that one sex does not have double the gene products of the other.