Suppose That There Is Only One Small Clothing Store in the Remote

question 112

Multiple Choice

Suppose that there is only one small clothing store in the remote village of Green Acres, and until recently the townspeople bought their shirts there. As more people in Green Acres become connected to the Internet, the price elasticity of demand for shirts at the Green Acres store will:

• A)increase because the Internet offers more substitutes.
• B)decrease because the Internet offers more substitutes.
• C)remain the same, but the quantity demanded will decrease as more people shop online.
• D)remain the same, but the demand will decrease as more people shop online.

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Definitions:

Lewis Dot Structure

A diagram that represents the valence electrons of atoms within a molecule, showing the bonding between atoms as well as lone pairs of electrons.

He

Helium, a colorless, odorless, tasteless, non-toxic, inert, monatomic gas that heads the noble gas series in the periodic table.

Lewis Dot Structure

A graphical representation of the valence electrons of atoms, indicating how the electrons are shared or paired between atoms in a molecule.

Ca

Calcium, a chemical element with the symbol Ca and atomic number 20, an alkaline earth metal essential for living organisms, particularly in cell physiology.