The Concept of Elasticity Can Be Used to Measure Responses

question 46

Multiple Choice

The concept of elasticity can be used to measure responses to a change in:

• A)the price of a good.
• B)the price of a related good.
• C)income.
• D)All of these are true.

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Definitions:

Forams

are short for foraminifera, a large group of amoeboid protists with calcareous shells, used in geological dating and paleoclimate estimation.

Representative Clade

A group of organisms that includes an ancestor and all of its descendants, representative of a larger evolutionary group.

Supergroup

A classification level in the hierarchy of biological taxonomy, designed to help categorize organisms that share fundamental evolutionary traits beyond the domain and kingdom level.

Water Molds

Aquatic, fungus-like organisms belonging to the group Oomycetes, known for causing diseases in plants and fish.