The Demand Curve for a Good Is Horizontal When It

question 165

Multiple Choice

The demand curve for a good is horizontal when it is:

• A) a perfectly inelastic good.
• B) a unitary elastic good.
• C) a perfectly elastic good.
• D) an inferior good.

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Definitions:

Phylogenetic Systematics

A method of classifying organisms based on their evolutionary history and relationships, using phylogenetic trees.

Cladograms

A diagram used in cladistics which shows relations among organisms.

Molecular Clocks

Methods used to estimate the time of evolutionary events based on the hypothesis that genetic mutations accumulate at a predictable rate over time.

Fishlike Vertebrates

Aquatic animals featuring a backbone, including both true fish and fish-shaped species with similar living habitats and structures.