Suppose a Local Photographer Increases His Prices by 8 Percent

question 214

Multiple Choice

Suppose a local photographer increases his prices by 8 percent and quantity demanded decreases by the same percentage.This set of facts indicates that the demand for his services is

• A) inelastic.
• B) elastic.
• C) unit elastic.
• D) perfectly elastic.
• E) perfectly inelastic.

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Definitions:

Salinity

The concentration of salts in water or soil, an important factor affecting the distribution of plant and animal life, as well as agricultural productivity.

Distribution

In ecology and biogeography, distribution refers to the way in which living organisms are spread out across geographical areas.

Terrestrial Biomes

Large community of plants and animals that occupy distinct regions of land, characterized by specific climate patterns, plant and animal species.

Representative Organisms

Species that serve as examples or proxies for a larger group of organisms, often used in research studies.