If the Price Elasticity of Demand Within the Price Range

question 43

Multiple Choice

If the price elasticity of demand within the price range from R10 to R12.50 per kilogram for carrots is 0.79 and for radishes is 1.6, then within that price range

• A) demand for carrots is more price elastic than that for radishes.
• B) demand for radishes is more price elastic than that for carrots.
• C) carrots and radishes must be substitute goods.
• D) carrots and radishes must be complementary goods.

---

Definitions:

Intracellular Mediator Molecules

Intracellular mediator molecules are substances within cells that transmit signals from receptors to target molecules, involved in various biochemical pathways.

Cascade Effect

A process where one event precipitates a series of subsequent events, often amplifying the initial triggering condition.

Protein Kinase

An enzyme that modifies other proteins by chemically adding phosphate groups to them, impacting their activity.

Calmodulin

Protein receptor for Ca2+ that plays a role in many Ca2+-regulated processes, such as smooth muscle contraction.