When Monica's Catering Lowered the Price of Catered Meals from $60

question 4

Multiple Choice

When Monica's Catering lowered the price of catered meals from $60 per person to $20 per person, the quantity demanded doubled from 500 meals to 1,000 meals. You can conclude that the demand for Monica's catered meals over the price range of $20 to $60 is

• A) upward sloping.
• B) unit elastic.
• C) elastic.
• D) inelastic.

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Definitions:

Endosperm

In flowering plants, nutritive storage tissue that is derived from the union of a sperm nucleus and polar nuclei in the embryo sac.

Seed Coat

The outer covering of a seed that protects the embryonic plant and its food supply from damage and desiccation.

Triploid Tissue

Tissue composed of cells with three sets of chromosomes, rather than the typical two sets found in most organisms, leading to unique genetic characteristics.

Triploid

An organism or cell having three sets of chromosomes, which is uncommon in most species and often leads to developmental abnormalities.