Which of the Following Statements Is True

question 98

Multiple Choice

Which of the following statements is true?

• A)Marginal utility theory predicts that an increase in a consumer's income increases consumption of all goods.
• B)It is possible to derive the law of demand - that a higher price decreases the quantity demanded - using marginal utility theory.
• C)Marginal utility theory makes no prediction about a consumer's responses to hikes in the prices of the goods and services he or she consumes.
• D)Marginal utility theory predicts that all goods are normal goods and that all goods are substitutes for each other.
• E)It is possible to derive the law of demand - that a higher price decreases demand - using marginal utility theory.

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Definitions:

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The immune system's ability to recognize and not mount an attack against the body's own cells and tissues.

Rheumatoid Arthritis

A chronic inflammatory disorder affecting joints, including those in the hands and feet, characterized by painful swelling that can result in bone erosion and joint deformity.

Systemic Lupus Erythematosus

An autoimmune disease where the body's immune system mistakenly attacks healthy tissue in many parts of the body, causing widespread inflammation and tissue damage.

Shingles

A viral infection causing a painful rash, usually appearing as a single stripe of blisters around either side of the torso, caused by the varicella-zoster virus.