If Demand Is Unit Price Elastic, a Change in Price

question 80

Multiple Choice

If demand is unit price elastic, a change in price causes:

• A) no change in total revenue.
• B) a decrease in total revenue.
• C) a change in total revenue in the opposite direction.
• D) an increase in total revenue.

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Definitions:

Avery

Avery refers to Oswald Avery, a scientist known for demonstrating that DNA is the substance that causes bacterial transformation.

Hershey and Chase

Scientists who conducted experiments in 1952 proving that DNA, not protein, is the genetic material in bacteriophages.

Polynucleotide Strand

A sequence of nucleotides that forms part of a nucleic acid molecule.

Template Strand

The strand of DNA that serves as the guide for the synthesis of messenger RNA during transcription.