Suppose That When the Price of Corn Is $2 Per

question 334

Multiple Choice

Suppose that when the price of corn is $2 per bushel,farmers can sell 10 million bushels.When the price of corn is $3 per bushel,farmers can sell 8 million bushels.Which of the following statements is true?

• A) The demand for corn is income inelastic,and so an increase in the price of corn will increase the total revenue of corn farmers.
• B) The demand for corn is income elastic,and so an increase in the price of corn will increase the total revenue of corn farmers.
• C) The demand for corn is price inelastic,and so an increase in the price of corn will increase the total revenue of corn farmers.
• D) The demand for corn is price elastic,and so an increase in the price of corn will increase the total revenue of corn farmers.

Recognize the impact of mutations in genes like SRY on developmental pathways.

Understand the principles behind post-translational modifications and their effects on protein function.

Identify the components and function of the lac operon in bacteria.

Understand the basic structure and function of an operon.

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