In the Article "Colombia,Brazil Advance Proposal to Withhold 10 Percent

question 6

Multiple Choice

In the article "Colombia,Brazil Advance Proposal to Withhold 10 Percent of Export Output" (The Wall Street Journal,September 23,1991,p.B6) ,a Colombian delegate to the International Coffee Organization said that if all its members withheld 10% of export output,the international price would rise 20%.This statement implies that the price elasticity of demand for coffee is approximately:

• A) -0.00.
• B) -5.00.
• C) -2.00.
• D) -0.20.
• E) -0.50.

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Definitions:

Segmentation Genes

In Drosophila, genes transcribed in the embryo that are responsible for generating a repeating pattern of body segments within the embryo and adult fly.

Genetic Switches

Genetic switches are molecular mechanisms that can activate or deactivate genes, thereby controlling patterns of gene expression.

Tissue-Specific Gene

A gene that is expressed in particular tissues of an organism rather than in all tissues, often contributing to the specialized functions of that tissue.

Conserved

Conserved in a biological context refers to genes, sequences, or structures that have remained unchanged throughout evolution across different species.