If Demand Is Elastic

question 19

Multiple Choice

If demand is elastic,

• A)then a 1% decrease in price leads to a rise in quantity of greater than 1%.
• B)then a 1% decrease in price leads to a rise in quantity of less than 1%.
• C)then a 1% decrease in prices leads to a rise in quantity of 1%.
• D)then a 1% decrease in price leads to a fall in quantity greater than 1%.

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Definitions:

Sugar-Phosphate

The backbone of DNA and RNA molecules, composed of alternating sugar and phosphate groups.

Hydrogen Bonds

Hydrogen bonds are a type of weak chemical bond that is formed when a hydrogen atom, covalently bonded to a more electronegative atom or group, is attracted to another electronegative atom.

Nitrogenous Base

An organic molecule that makes up the building blocks of nucleic acids, such as DNA and RNA, including adenine, thymine, guanine, cytosine, and uracil.

Nucleic Acids

Complex organic substances that constitute the genetic material of living cells; DNA and RNA.