Which of the Following Statements Is False

question 70

Multiple Choice

Which of the following statements is false?

• A) The income effect of normal goods counters the substitution effect so the demand curve is upsloping.
• B) The income effect and the substitution effect reinforce each other when there are price changes for a normal good.
• C) The income effect represents the decrease in quantity demanded caused by the implicit change in income due to a fall in the price of an inferior good but not for a normal good.
• D) The substitution effect represents the change in quantity demanded solely due to a change in the relative price of a good.

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Definitions:

Tunica Media

The middle layer of the wall of a blood vessel consisting mainly of smooth muscle cells and elastic fibers, responsible for regulating the diameter of the vessel.

Lumen

The inside space of a tubular structure, such as a blood vessel or intestine.

Carotid Sinus

A dilated area at the base of the internal carotid artery that contains receptors to help regulate blood pressure.

Baroreceptors

Pressure-sensitive sensory neurons located mainly in the carotid sinus and aortic arch, which help regulate blood pressure.