In Their Life Cycles

question 114

Multiple Choice

In their life cycles,

• A) some animals are quite different during the immature stage than during the adult stage.
• B) animals eat at all stages.
• C) animals eat the same food at all stages.
• D) newborns always resemble the adults.
• E) all newborn birds may forage on their own.

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Definitions:

Substitutes

Goods or services that can be used in place of each other; as the price of one increases, the demand for the other increases.

Price Inelastic

Describes a situation where the demand for a product does not significantly change with a change in its price.

Gasoline Demand

The total quantity of gasoline that consumers are willing and able to purchase at various prices, within a given time period.

Equilibrium Price

The price at which the quantity of a good demanded equals the quantity of the good supplied.