When the Percentage Change in the Quantity Demanded Equals the Percentage

question 183

Multiple Choice

When the percentage change in the quantity demanded equals the percentage change in price,then demand is

• A) inelastic.
• B) unit elastic.
• C) elastic.
• D) irrelevant.
• E) undefined.

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Definitions:

Stapes

A small stirrup-shaped bone in the middle ear, transmitting vibrations from the incus to the inner ear.

Convergent Evolution

The phenomenon where unrelated species develop comparable characteristics independently due to the necessity of adapting to analogous environments or ecological roles.

Homoplasious Trait

A characteristic shared by a set of species but not present in their common ancestor, often resulting from convergent evolution rather than shared ancestry.

Analogous Trait

A trait shared by different species due to convergent evolution, not because of a shared ancestry, producing similar structures independently.