The "other things being equal" clause in the law of demand does allow which of the following factors to change?

A. Consumer income.
B. The prices of other goods.
C. Consumer tastes and preferences.
D. The price of the good being demanded.


Answer: D

Economics

You might also like to view...

A quota is a numerical limit on the quantity of a good that can be imported

Indicate whether the statement is true or false

Economics

A monopolist's supply curve is the portion of its marginal cost curve above average variable cost

a. True b. False

Economics

In 2010, the debt-to-GDP ratio increased to roughly the same ratio as the 1990s

a. True b. False Indicate whether the statement is true or false

Economics

In 2018, the highest marginal tax rate was 37%. If Chesney is in the highest earnings bracket, what percent of her total income will she have to pay in taxes?

a. less than 37% b. exactly 37% c. more than 37% d. none of these

Economics