Elasticity of Demand Is Closely Related to the Slope of the Demand

question 158

Multiple Choice

Elasticity of demand is closely related to the slope of the demand curve.The less responsive buyers are to a change in price,the

• A)steeper the demand curve will be.
• B)flatter the demand curve will be.
• C)further to the right the demand curve will sit.
• D)closer to the vertical axis the demand curve will sit.

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Definitions:

Genus

A rank in the biological classification system (taxonomy) that groups together species that are closely related.

Species Taxa

The basic unit of classification in biological taxonomy, used to group individuals that are capable of interbreeding.

Scientists

Individuals engaged in systematic activity to acquire knowledge involving observation and experimentation in the field of natural sciences.

Ecological Role

The function or position of a species within an ecological community, determining how it contributes to the ecosystem structure and function.