If People Have More Time to Adjust to a Price

question 208

Multiple Choice

If people have more time to adjust to a price change,

• A)demand becomes more elastic, and supply becomes less elastic
• B)demand becomes less elastic, and supply becomes more elastic
• C)both supply and demand become less elastic
• D)both supply and demand become more elastic
• E)elasticity of both demand and supply tends toward unity

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Definitions:

Feathered Wings

Wings covered with feathers, characteristic of birds, that facilitate flight and insulation.

Postzygotic Barriers

Reproductive isolation mechanisms that occur after fertilization, preventing the development into fertile offspring.

Gene Transfer

The process by which genetic material is moved from one organism to another, occurring naturally or through genetic engineering techniques.

Reproduction

The process by which new individuals are produced. See asexual reproduction and sexual reproduction.