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If We Observe That When the Price of Ice Cream

question 69

True/False

If we observe that when the price of ice cream rises by 10%, ice cream manufacturers increase the quantity supplied of ice cream by 20%, then the price elasticity of supply is 2.


Definitions:

ATP Synthesis

The biochemical process of producing adenosine triphosphate (ATP), which is the primary energy carrier in cells, occurring in both the mitochondria during cellular respiration and chloroplasts during photosynthesis.

Contains DNA

Refers to cells or structures within organisms that hold the genetic material deoxyribonucleic acid.

Equator

The imaginary line that divides the Earth into northern and southern hemispheres.

Metaphase

A stage of cell division (mitosis and meiosis) where chromosomes align in the middle of the cell before being separated into each of the two daughter cells.

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