IF THE PRICE OF AN ITEM CHANGES BY 8% AND QUANTITY SUPPLIED CHANGES FROM 600 UNITS TO 660 UNITS, THE PRICE ELASTICITY OF SUPPLY IS
A. 0.80 B. 1.25 ✓ C. 2.00 D. 10.00 The answer to the question is: B. 1.25 The price elasticity of supply measures the responsiveness of the quantity supplied of a good to a change in its price. It is calculated as…
INSTITUTIONS SERVING AS LINKS BETWEEN SURPLUS AND DEFICIT UNITS CAN BE IDENTIFIED AS
A. tax officers B. pension offices C. financial intermediates ✓ D. acceptance houses The answer to the question is: C. financial intermediates Financial intermediaries can be identified as institutions that serve as links between surplus and deficit units in an economy. These intermediaries play…
IF THE QUANTITY DEMANDED OF A COMMODITY INCREASES FROM 20 UNITS TO 30 UNITS WHEN THERE IS AN INCREASE IN PRICE FROM 4.00 DOLLARS TO 5.00 DOLLARS, THE ELASTICITY OF DEMAND IS
The elasticity of demand is a measure of the responsiveness of the quantity demanded of a commodity to a change in its price. It is calculated using the following formula: Elasticity of Demand = Percentage Change in Quantity Demanded /…
PROTEIN DOMAINS AS STRUCTURAL, FUNCTIONAL, AND EVOLUTIONARY UNITS
Proteins are essential macromolecules that play a crucial role in various biological processes. They are composed of one or more structural and functional units called protein domains. Protein domains are distinct regions within a protein sequence that fold into a…
GENES AS INHERITED UNITS OF INFORMATION SPECIFYING PHENOTYPE
Genes are inherited units of information that are responsible for specifying the characteristics, or phenotype, of an organism. These characteristics can be at a gross level, such as the organism’s physical appearance, or at a molecular level, such as the…
MEMORY UNITS OBJECTIVE QUESTIONS
1) A disk’s content that is recorded at the time of manufacture and that cannot be changed or erased by the user is _ a) Memory only. b) Write – only. c) Once – only. d) Read-only.…
MEMORY UNITS
This unit can store instruction, data and intermediate results. This unit supplies information to the other units of the computer when needed. A memory is just like the human brain. Computer memory is the storage space in computer where data…