If Demand Is Inelastic,then

question 88

Multiple Choice

If demand is inelastic,then:

• A) Consumer spending does not respond to changes in income.
• B) Total revenue rises in response to a price decrease.
• C) Quantity demanded is very responsive to changes in price.
• D) Quantity demanded is not very responsive to changes in price.

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Definitions:

Recessive Trait

A genetic feature that is not expressed in the phenotype unless both alleles for the trait are inherited, one from each parent.

Genotype Frequencies

The proportion of different genotypes in a population, used in population genetics to study the genetic structure and evolution of species.

Genetic Equilibrium

Description for a population in which the frequency of alleles for a given trait is not changing over time.

Founder Effect

Cause of genetic drift due to colonization by a limited number of individuals who, by chance, have different genotype and allele frequencies than the parent population.