Which of the Following Statements Is True

question 64

Multiple Choice

Which of the following statements is true ?

• A) If the income elasticity of demand is less than zero, the good is an inferior good.
• B) Only if the demand curve is vertical will sellers raise the price by the full amount of a tax.
• C) Two goods are substitutes if the cross-elasticity of demand coefficient is positive.
• D) A price elasticity of supply coefficient equal to 1.5 means the product exhibits an elastic supply and a 10 percent increase in the price will increase the quantity supplied by 15 percent.
• E) All of the above.

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Definitions:

Genetic Defect

An abnormality in the DNA sequence that can lead to diseases or conditions being passed from parents to offspring.

Genetic Disorder

A disease or condition caused by an abnormality in an individual's DNA, which can be inherited or result from mutations.

Behavioral Geneticist

A scientist who studies the role of genetics in behavior, including how genes influence individual differences in behavior.

Identical Twins

Twins who originate from a single fertilized egg that splits into two, sharing identical genetic material.