The Price of Cereal Rises

question 418

Multiple Choice

The price of cereal rises. As a result, people have cereal for breakfast on fewer days and eat eggs instead. This behavior is an example of

• A) an increase in the quantity demanded of eggs because of the income effect.
• B) a decrease in the quantity supplied of cereal because of the substitution effect.
• C) a decrease in the quantity demanded of cereal because of the substitution effect.
• D) an increase in the quantity supplied of eggs because of the income effect.

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Definitions:

Receptor-Mediated Endocytosis

A cellular process by which cells absorb metabolites, hormones, proteins – and in some cases viruses – by the inward budding of plasma membrane vesicles containing proteins with receptor sites specific to the molecules being absorbed.

Hypotonic

Describes a solution with a lower concentration of solutes compared to another solution, leading to the movement of water into the cell.

Isotonic

A term used to describe a solution that has the same solute concentration as another solution, resulting in no net movement of water across a semipermeable membrane.

Hypertonic

Describes a solution with a higher solute concentration compared to another solution, causing cells to lose water by osmosis.