If the Price of Apples Increases, Total Expenditures on Apples

question 31

Multiple Choice

If the price of apples increases, total expenditures on apples will decline if

• A) the demand for apples is inelastic.
• B) the demand for apples is elastic.
• C) the quantity of apples purchased is unresponsive to changes in price.
• D) there are few good substitutes for apples.

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Definitions:

Defective Conditions

Situations or items that are flawed, damaged, or not functioning as intended, often requiring repair or replacement.

Chorionic Villus Sampling

A prenatal test involving the sampling of chorionic villi to test for chromosomal abnormalities in the fetus.

Amniocentesis

A medical procedure used in prenatal diagnosis to sample amniotic fluid using a needle inserted into the uterus, for the testing of chromosomal abnormalities and fetal infections.

Embryo

A stage in prenatal development covering the first eight weeks after fertilization, when the developing organism is referred to as an embryo.