If the Price of a Good Rises and as a Result

question 48

Multiple Choice

If the price of a good rises and as a result total revenue falls, then it must be true that

• A)cross elasticity of demand for the good is negative.
• B)price elasticity of demand for the good is less than 1.
• C)income elasticity of demand for the good is positive.
• D)income elasticity of demand for the good is negative.
• E)price elasticity of demand for the good is greater than 1.

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Definitions:

Renal Columns

Structures in the kidney that consist of lines of blood vessels and urinary tubes and serve as a support for the cortex.

Visceral Layer

The inner layer of a membrane that covers the organs (viscera) within the body cavities, providing a protective barrier and lubrication.

Filtration Membrane

Membrane formed by the glomerular capillary endothelium, the basement membrane, and the podocytes of Bowman’s capsule.

Podocytes

Epithelial cell of Bowman’s capsule attached to the outer surface of the glomerular capillary basement membrane by cytoplasmic foot processes.