But if you're losing blood, the percentage of H & H in the remaining blood is the same, no? Let's say you have a liter of blood(making up easy numbers), 20% of which makes up your H&H. You lose 1/4 of that blood. The remaining 3/4 of the blood is still comprised of 20% H&H, no? I get the dehydration example, but our texts lists dehydration & blood loss under fluid volume deficit & indicates that in both instances the H&H would be increased......