Which of the Following Is a Condition That Increases the Likelihood

question 35

Multiple Choice

Which of the following is a condition that increases the likelihood of iron deficiency in older people?

• A) lack of intrinsic factor
• B) loss of iron due to menopause
• C) blood loss from yearly physical testing procedures
• D) poor iron absorption due to reduced stomach acid secretion and/or use of antacids

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Definitions:

Income Effect

It refers to the change in an individual's or economy's income and how that change will affect the quantity demanded of a good or service.

Utility Maximizing

A concept in economics that refers to the idea that individuals choose to allocate their resources in a way that maximizes their utility or satisfaction.

Wage Increase

An upsurge in the rate of pay employees receive for their labor, typically expressed as a percentage increase over current wages.

Substitution Effect

The change in consumption patterns due to a price change, leading consumers to substitute one product for another.