When Kelsey Decreases Her Price of Lipstick from $7 to $5,she

question 118

Multiple Choice

When Kelsey decreases her price of lipstick from $7 to $5,she finds that her sales increase from 6 to 7.She faces ________ demand for her product,and this price change will ________ her total revenue.

• A) elastic; raise
• B) inelastic; lower
• C) unitary elastic; not change
• D) perfectly elastic; raise
• E) perfectly inelastic; lower

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Definitions:

Down Syndrome

A genetic disorder caused by the presence of all or part of a third copy of chromosome 21, characterized by developmental delays, physical growth limitations, and distinctive facial features.

Chromosome 21

The smallest human chromosome, abnormalities in which can lead to Down syndrome.

Amino Acid Sequence

The order of amino acids in a protein, determining its structure and function.

Gene Duplication

The process by which a segment of DNA containing a gene is duplicated, potentially leading to genetic innovation and evolution.