If the Quantity Supplied Responds Only Slightly to Changes in Price,then

question 31

Multiple Choice

If the quantity supplied responds only slightly to changes in price,then

• A)supply is said to be elastic.
• B)supply is said to be inelastic.
• C)an increase in price will not shift the supply curve very much.
• D)even a large decrease in demand will change the equilibrium price only slightly.

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Definitions:

Chromatin

is the complex of DNA and proteins that forms chromosomes within the nucleus of eukaryotic cells.

Protein Modifications

Chemical changes that occur to proteins post-synthesis, altering their function and activity.

Regulation of Transcription

The control of gene expression at the DNA transcription stage, determining when and how genes are activated.

mRNA Processing

Various modifications that mRNA undergoes, which may include splicing, capping, and polyadenylation, after it is transcribed from DNA and before it is translated into a protein.