If the Price Elasticity of Demand for a Good Is

question 10

Multiple Choice

If the price elasticity of demand for a good is 4.0,then a 10 percent increase in price results in a

• A) 0.4 percent decrease in the quantity demanded.
• B) 2.5 percent decrease in the quantity demanded.
• C) 4 percent decrease in the quantity demanded.
• D) 40 percent decrease in the quantity demanded.

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Definitions:

Prophase I

The first stage of meiosis I where homologous chromosomes pair and exchange genetic material via crossing over.

Anaphase I

A stage of meiosis during which homologous chromosomes are pulled apart towards opposite poles of the cell.

Anaphase II

A phase of meiosis II where sister chromatids are separated and move towards opposite poles of the cell.

Maternal Allele

The version of a gene inherited from the mother, contributing half of the genetic makeup of the offspring.