Other Things the Same,an Increase in the Price Level Makes

question 2

Multiple Choice

Other things the same,an increase in the price level makes consumers feel

• A)less wealthy,so the quantity of goods and services demanded falls.
• B)less wealthy,so the quantity of goods and services demanded rises.
• C)more wealthy,so the quantity of goods and services demanded rises.
• D)more wealthy,so the quantity of goods and services demanded falls.

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Definitions:

Esophageal Sphincter

A ring of muscle at the end of the esophagus that closes to prevent stomach acid from coming back up, and opens to allow food to enter the stomach.

Hepatic Duct

A duct that leaves the liver carrying bile and merges with the cystic duct to form the common bile duct.

Cystic Duct

The duct from the gallbladder that merges with the hepatic duct to form the common bile duct.

Duodenum

The first section of the small intestine.