If There Are Very Few Substitutes for a Product, Then

question 169

Multiple Choice

If there are very few substitutes for a product, then an increase in its price causes

• A)a relatively large increase in quantity demanded.
• B)a relatively large decrease in quantity demanded.
• C)no change in quantity demanded.
• D)a relatively small increase in quantity demanded.
• E)a relatively small decrease in quantity demanded.

Simplify algebraic expressions involving powers and roots.

Utilize the properties of exponents to simplify expressions and solve equations.

Convert expressions with negative exponents into positive exponents correctly.

Perform operations on polynomial expressions, including addition, subtraction, and simplification.

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Definitions:

Phytochrome

A pigment found in plants that absorbs light and is involved in regulating plant development, such as seed germination and flowering.

Germination

The process by which a plant grows from a seed or similar structure, often requiring specific environmental conditions to initiate.

Grand Rapids Lettuce

A variety of lettuce known for its crispness and resistance to bolting, commonly used in salads.

Red Light

A portion of the visible light spectrum with the longest wavelengths, often used in various signaling devices and therapeutic practices.