When the Price of Cable Modems Decreased from $100 to $85

question 248

Multiple Choice

When the price of cable modems decreased from $100 to $85, the number of cable modems produced fell from 1,000 per week to 850 per week. Using this information, we know the supply of cable modems is

• A) elastic.
• B) inelastic.
• C) unit elastic.
• D) perfectly inelastic.

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Definitions:

Chimpanzee

A great ape with large ears, mainly black coloration, and lighter skin on the face, native to the forests of central and West Africa.

Orangutan

A large arboreal ape found in the rainforests of Borneo and Sumatra, known for its intelligence, long arms, and reddish-brown hair, and facing significant threats from habitat loss.

Restricted Diet

A diet limited in certain foods or nutrients, often for medical reasons or personal choice.

Brain Expansion

The growth or increase in size of the brain, which can refer to the evolutionary process where species, especially humans, have acquired larger brains.