Refer to the Graph Above to Answer This Question

question 98

Multiple Choice

Refer to the graph above to answer this question.Which of the following statements is correct?

• A)The supply of land is perfectly elastic.
• B)The shift from D₂ to D₃ illustrates a decrease in demand.
• C)D₁,D₂ and D₃ are all perfectly inelastic demand curves.
• D)The rent is demand-driven.
• E)The supply of land is rent-driven.

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Definitions:

Fertilization

The union of the ovum and sperm.

Recessive

Pertaining to a gene that is expressed in the phenotype only when its allele is identical, needing two copies (one from each parent) to exhibit the trait.

Dominant

Referring to a trait, gene, or characteristic that supersedes another in genetic expression when both are present.

Ovum

The female sex cell, or egg.