When the Percentage Change in the Quantity Demanded Exceeds the Percentage

question 326

Multiple Choice

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

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

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Definitions:

Lac Operon

A regulatory mechanism in bacteria that controls the expression of enzymes involved in lactose metabolism.

Repressor

A protein that binds to specific DNA sequences, preventing the transcription of genetic information from DNA to mRNA.

Acetyl Groups

Organic functional groups consisting of a methyl group single-bonded to a carbonyl. The formula is CH3CO-, significant in metabolic processes.

Histones

Proteins that package and order the DNA into structural units called nucleosomes, playing a critical role in gene regulation.