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According to a Study of the Price Elasticities of Products

question 49

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According to a study of the price elasticities of products sold in supermarkets, the price elasticity of demand for toothpaste is estimated at -0.45.Which of the following could explain why the price elasticity of demand for toothpaste is so low?


Definitions:

Hardy-Weinberg Equilibrium

A rule indicating that in a population, allele and genotype frequencies will stay unchanged over time if there are no evolutionary forces at play.

Setae

Bristle-like structures on the surface of organisms, such as the hairs on worms or insects, used for sensory detection or locomotion.

Glabrous Elytra

Refers to beetle wings (elytra) that are smooth and lack hair or any kind of surface structure.

Balancing Selection

Describes the type of selection that favors more than one allele. This process acts to maintain genetic diversity in a population by keeping alleles at frequencies higher than would be expected by chance or mutation alone.

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