Topic: Living in Groups

question 6

Multiple Choice

Topic: living in groups
Difficulty: easy
Which of the following comes closest to constituting a true social group?

• A) flies attracted to a dung pat
• B) cattle attracted to a desert watering hole
• C) oak seedlings aggregated because they have not dispersed
• D) goldfinches flocking to feed on seed heads of plants growing in open fields

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Definitions:

Market

Any structure that allows buyers and sellers to exchange any type of goods, services, and information.

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good, with elasticity greater than one indicating a strong response.

Raise Profits

The process of increasing a company's profits through different methods such as reducing costs, increasing sales, or improving productivity.

Inverse Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity of the good that consumers are willing to purchase, plotted with price on the vertical axis and quantity on the horizontal axis.