Suppose a Decrease in the Supply of Wheat Results in an Increase

question 4

Multiple Choice

Suppose a decrease in the supply of wheat results in an increase in revenue.This indicates that

• A)the decrease in quantity sold is proportionately larger than the resulting change in price.
• B)the resulting increase in price is proportionately greater than decrease in quantity sold.
• C)the demand curve for wheat must be vertical.
• D)the supply curve for wheat must be vertical.

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Definitions:

Filtrate Volume

The total volume of fluid that has passed through a filter, such as the kidney's glomerular filter, during the process of filtration, which is an initial step in urine formation.

Water Reabsorption

The process by which water is taken back into the body from the filtrate (such as in the kidneys) during excretion, crucial for maintaining fluid balance.

Renal Tubules

A series of tubes in the kidney where urine is formed and processed, part of the nephron, the basic functional unit of the kidney.

Osmosis

The movement of water molecules through a semipermeable membrane from a region of lower solute concentration to one of higher concentration, aiming for equilibrium.