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Suppose that the percentage change in demand is 10%, the price elasticity of demand is 1, and the percentage change in the equilibrium price is 3.33%. What is the price elasticity of supply?
Nature-Versus-Nurture
A debate concerning the relative importance of an individual's innate qualities (nature) versus personal experiences (nurture) in determining or causing differences in physical and behavioral traits.
Monozygotic Twins
Identical twins sharing the same genetic profile.
Dizygotic Twins
Also known as fraternal twins, these are siblings born at the same time but from two different eggs fertilized by separate sperm, sharing about 50% of their DNA.
Shared Environment
A term in psychology referring to those environmental factors that are experienced by multiple individuals in the same way, contributing similarly to their development.
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