If the Demand for Orange Juice Is Elastic,then as the Price

question 73

Multiple Choice

If the demand for orange juice is elastic,then as the price falls,quantity demanded for orange juice will ________ and total revenue for orange suppliers will ________.

• A) increase; increase
• B) decrease; increase
• C) decrease; decrease
• D) increase; decrease

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Definitions:

Transcription

The method by which RNA polymerase enzymes transcribe a portion of DNA into RNA.

Cryptochrome

A class of flavoproteins that are sensitive to blue light and are involved in the circadian rhythms and growth regulation of plants and animals.

Wavelength

The distance between successive peaks of a wave, typically used in the context of electromagnetic waves such as light.

Pfr

The far-red absorbing form of phytochrome, a plant photoreceptor involved in regulating plant growth and development in response to light conditions.