An Increase in the Price of a Good Leads To

question 115

Multiple Choice

An increase in the price of a good leads to:

• A) an increase in the marginal utility per dollar of that good, and thus an increase in the quantity purchased.
• B) an increase in the marginal utility per dollar of that good, and a decrease in the quantity purchased.
• C) a decrease in the marginal utility per dollar of that good, and an increase in the quantity purchased.
• D) a decrease in the marginal utility per dollar of that good, and thus a decrease in the quantity purchased.

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Definitions:

Prokaryotic mRNA

Messenger RNA found in prokaryotic organisms that is used to carry genetic information from DNA for protein synthesis.

Posttranscriptional Regulation

The control of gene expression at the RNA level, occurring after transcription but before translation.

Inducible Genes

Genes whose expression is increased or initiated in response to specific stimuli or environmental conditions.

Environmental Stimuli

External factors that influence the behavior and physiology of organisms, such as temperature, light, and sound.