The Ratio of the Percentage Change in the Quantity Demanded

question 140

Essay

The ratio of the percentage change in the quantity demanded to the percentage change in price is the:
A.price elasticity of demand.
B.quantity elasticity of demand.
C.income elasticity of demand.
D.cross-price elasticity of demand.

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Definitions:

Linkage Group

A set of genes located close together on the same chromosome that tend to be inherited together.

Chromosome

A chromosome is a long, continuous thread of DNA that contains numerous genes and regulatory elements, housed within the nucleus of every cell.

Testcross

Method of determining the genotype of an individual with a dominant phenotype: a cross between the individual and another individual known to be homozygous recessive.

Homozygous Dominant

An individual having two identical alleles for a trait on both homologous chromosomes, with both alleles being dominant.