Elasticity of Demand Is Another Way to Measure Slope

question 219

True/False

Elasticity of demand is another way to measure slope.

---

Definitions:

Fundamental Niche

The potential mode of existence of a species given its adaptations, without considering the effects of competition or other biotic factors on its actual distribution.

Limiting Resources

Essential resources (such as food, water, and shelter) that are in short supply, limiting the growth, reproduction, or distribution of organisms.

Interspecific Competition

A form of competition between individuals of different species inhabiting the same ecological area.

Intraspecific Competition

Competition among members of the same species for resources such as food, space, and mates, which can influence population dynamics.