If a Large Percentage Increase in the Price of a Good

question 64

Multiple Choice

If a large percentage increase in the price of a good results in a small percentage reduction in the quantity demanded of the good, demand is said to be

• A) horizontal.
• B) relatively inelastic.
• C) relatively elastic.
• D) income proof.

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Definitions:

Juxtamedullary Nephrons

A type of nephron in kidneys, located close to the medulla, involved in the concentration of urine and water reabsorption.

Loops of Henle

The part of the kidney nephron involved in the counter-current exchange mechanism to concentrate urine and reclaim water and salts.

Podocytes

Specialized cells in the kidneys that wrap around capillaries of the glomerulus, playing a critical role in the filtration of blood to form urine.

Bowman's Capsule

A structure in the kidneys that encloses the glomerulus and initiates the process of filtration to form urine.