If the Price Elasticity of Demand for Food Is Low,an

question 47

Multiple Choice

If the price elasticity of demand for food is low,an increase in supply due to an improvement in technology will result in a ________ price and ________ in total revenue.

• A)higher;a decrease
• B)lower;an increase
• C)higher;an increase
• D)lower;a decrease

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Definitions:

Hemoglobin

A red protein responsible for transporting oxygen in the blood of vertebrates, giving red blood cells their color.

Pontine Respiratory Neurons

Neurons located in the pons of the brainstem that play a critical role in regulating the rhythm of breathing.

Medulla Oblongata

The lowest part of the brainstem, connecting the brain to the spinal cord and controlling vital functions such as breathing and heart rate.

Blood Oxygen Levels

A measure of how much oxygen is being carried in the blood, critical for the metabolic processes in the cells.