When the Price of Used Cds Is $4,Daphne Buys Five

question 169

Multiple Choice

When the price of used cds is $4,Daphne buys five per month.When the price is $3,she buys nine per month.Daphne's demand for used cds is

• A) elastic, and her demand curve would be relatively flat.
• B) elastic, and her demand curve would be relatively steep.
• C) inelastic, and her demand curve would be relatively flat.
• D) inelastic, and her demand curve would be relatively steep.

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Definitions:

Uracil

A nitrogenous base found in RNA that pairs with adenine during RNA synthesis.

Nucleotide Bases

The building blocks of DNA and RNA molecules, consisting of adenine (A), cytosine (C), guanine (G), thymine (T), and uracil (U, in RNA).

RNA

Ribonucleic acid, a molecule essential for various biological roles, including coding, decoding, regulation, and expression of genes.

Translation

Translation is a biological process by which messenger RNA is decoded by a ribosome to produce a specific amino acid chain, or polypeptide, that will fold into an active protein.