When the Price of a Textbook Is $95,the Quantity of Textbooks

question 75

Multiple Choice

When the price of a textbook is $95,the quantity of textbooks supplied is 90 million a year and when the price rises to $105,the quantity of textbooks supplied is 110 million a year.The supply of textbooks is

• A) elastic
• B) perfectly elastic
• C) inelastic
• D) perfectly inelastic
• E) unit elastic.

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Definitions:

Homology

in biology, refers to traits or organs that have a common ancestry despite potentially having different functions, while in cultural studies it can refer to similarities in patterns or structures based on shared heritage.

Subspecies

A subdivision within a species, characterized by distinct genetic, morphological, or behavioral traits, often resulting from geographical isolation.

Genus

A rank in the biological classification system (taxonomy) that groups together species that are closely related, sharing a common ancestor.

Species

A group of living organisms consisting of similar individuals capable of exchanging genes or interbreeding, classified together as having common characteristics.