If the Percentage Increase in Price Is 15 Percent and the Value

question 184

Multiple Choice

If the percentage increase in price is 15 percent and the value of the price elasticity of demand is -3, then quantity demanded

• A)will increase by 45 percent.
• B)will increase by 5 percent.
• C)will decrease by 45 percent.
• D)will decrease by 5 percent.

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Definitions:

Zooplankton

The nonphotosynthetic organisms present in plankton (e.g., protozoa, tiny crustaceans) and the larval stages of many animals. See plankton. Compare with phytoplankton.

Species Richness

The number of different species represented in an ecological community, landscape, or region.

Müllerian Mimicry

The resemblance of dangerous, unpalatable, or poisonous species to one another so that potential predators recognize them more easily. Compare with Batesian mimicry.

Batesian Mimicry

The resemblance of a harmless or palatable species to one that is dangerous, unpalatable, or poisonous so that predators are more likely to avoid them. Compare with Müllerian mimicry.