A Major Hotel Chain Found That If They Were to Reduce

question 160

Multiple Choice

A major hotel chain found that if they were to reduce the cost of the ice cream they currently served they would be able to save over 400 employees jobs.Therefore,they switched from a high priced brand of ice cream to a more moderate priced ice cream.This is known as the:

• A) substitution effect
• B) income effect
• C) brand effect
• D) commercial effect
• E) value effect

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Definitions:

Loops of Henle

A section of the nephron in the kidney, crucial for concentrating urine and reabsorbing water and salts from the filtrate.

Mechanical Shock

A physical shock to a system which may cause significant damage or system failure due to sudden impact or force.

Adipose Tissue

A type of connective tissue that is specialized in storing energy as fat, providing insulation and protection to the body.

Renal Pyramid

One of a number of pyramidal masses seen on longitudinal section of the kidney; they contain part of the loops of Henle and the collecting tubules.