As a Result of a Decrease in the Price of Online

question 330

Multiple Choice

As a result of a decrease in the price of online streaming movies, consumers download more movies online and buy fewer DVDs. This is an illustration of

• A) consumer sovereignty.
• B) the income effect.
• C) the substitution effect.
• D) diminishing marginal utility.

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Definitions:

Glomerulonephritis

An inflammation of the glomeruli, which are small blood vessels in the kidneys involved in the filtration process to form urine.

Filtrate

The liquid that has passed through a filter, which in biological contexts usually refers to the fluid extracted from blood by the kidneys during urine formation.

White Blood Cells

Cells of the immune system involved in protecting the body against both infectious disease and foreign invaders.

Renal Papillae

Renal Papillae are the apex of the renal pyramids in the kidneys that project into the minor calyx, playing a crucial role in the transport of urine to the ureter.