If the Price of Peanuts Increases by 10 Percent and the Price

question 54

Multiple Choice

If the price of peanuts increases by 10 percent and the price of potato chips does not change, then the relative price of peanuts with respect to potato chips will ________ and the relative price of potato chips with respect to peanuts will ________.

• A) rise; rise
• B) rise; fall
• C) fall; rise
• D) fall; fall

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Definitions:

Cutaneous Evaporative Cooling

The process of heat loss through the evaporation of water from the surface of an organism's skin, aiding in thermoregulation.

Upright Walking

The ability to walk on two legs with the body held vertically, a key characteristic of humans and their ancestors.

Homo Erectus

An extinct species of human that lived between 1.9 million and 143,000 years ago, known for being one of the first to use fire and complex tools.

Australopithecines

A genus of hominins that lived in Africa from about 4 to 2 million years ago, known for walking upright on two legs.