A Decrease in Demand Will Decrease Prices Least When Supply

question 67

Multiple Choice

A decrease in demand will decrease prices least when supply is

• A)elastic.
• B)unit elastic.
• C)inelastic (but not perfectly inelastic).
• D)perfectly inelastic.

---

Definitions:

Gestational Surrogate

A woman who carries and delivers a child for another person or couple, with the child being genetically unrelated to the surrogate.

Egg Donor

A woman who provides one or several of her eggs (oocytes) to another person or couple for reproductive purposes, usually as part of a fertility treatment process.

Host Mother

A surrogate mother who carries and gives birth to a child on behalf of another person or couple, typically involving a legal agreement.

Multiple Pregnancy

A pregnancy condition where more than one fetus is developing in the womb simultaneously.