If the Price of a Cup of Coffee Increases by 50

question 121

Multiple Choice

If the price of a cup of coffee increases by 50 percent,the quantity demanded decreases by 50 percent.The price elasticity of demand is:

• A) elastic.
• B) inelastic.
• C) unit elastic.
• D) zero.

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Definitions:

Dizygotic

Refers to twins that are fraternal, meaning they developed from two different eggs fertilized by two different sperm, resulting in genetically distinct siblings.

Monozygotic

Relating to twins who have developed from a single fertilized ovum, making them genetically identical.

Gamete-Specific

Refers to characteristics or factors that are unique to a particular type of gamete, such as sperm or ova, influencing fertilization and reproductive processes.

Phenotype

An observable trait; the trait that actually is seen.