Suppose the Price of Science Textbooks Increases by 50 Percent

question 140

Multiple Choice

Suppose the price of science textbooks increases by 50 percent. Suppose that the price of mystery novels also increases by 50 percent. The price of other books remains unchanged. The demand for science textbooks is _____ price elastic than the demand for mystery novels because science textbooks have _____ available substitutes.

• A) less; more
• B) more; less
• C) less; less
• D) more; more

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Definitions:

Classification Table

A systematic arrangement of elements or objects based on a set of criteria, often used in science to organize data or concepts for analysis and understanding.

Volcanic Breccia

A volcanic rock containing angular fragments in a matrix of finer material.

Igneous Rocks

Rocks formed through the cooling and solidification of magma or lava, characterized by a crystalline texture and often classified by their silica content.

Classification Table

A systematic arrangement of data in rows and columns, typically used to organize and categorize information such as types or characteristics.