If a Rise in the Price of Oranges from $7

question 471

Multiple Choice

If a rise in the price of oranges from $7 to $9 a bushel increases the quantity of bushels supplied from 4,500 to 5,500 bushels, the

• A) supply of oranges is elastic.
• B) supply of oranges is inelastic.
• C) demand for oranges is elastic.
• D) demand for oranges is inelastic.

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Definitions:

Polyadenylation

That part of eukaryotic mRNA processing in which multiple adenine-containing nucleotides (a poly-A tail) are added to the 3' end of the molecule.

Prokaryotic mRNA

Messenger RNA found in prokaryotic organisms that is used to carry genetic information from DNA for protein synthesis.

Posttranscriptional Regulation

The control of gene expression at the RNA level, occurring after transcription but before translation.

Inducible Genes

Genes whose expression is increased or initiated in response to specific stimuli or environmental conditions.