When the Price of Perfume Changes from $24 to $26

question 31

Multiple Choice

When the price of perfume changes from $24 to $26, the quantity supplied increases from 100 jars to 150 jars. What is the elasticity of supply of perfume?

• A) 0.04
• B) 0.2
• C) 25.0
• D) 5.0

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Definitions:

Somatic Cells

All the cells in the body except for the germ cells (the ova and sperm).

Genes

The basic physical and functional units of heredity made up of DNA.

Zygotes

The initial cell formed when a new organism is produced by means of sexual reproduction, resulting from the union of an ovum and a sperm cell.

Somatic Cells

Any cell in the body that is not a germ cell (sperm or egg), making up the major part of tissues and organs.