The "ceteris paribus" clause in the law of demand allows which of the following factors to change?
A. consumer tastes and preferences
B. prices of other goods
C. expectations
D. price of the good demanded
Answer: D
Economics
You might also like to view...
Are there ever exceptions to the law of demand?
What will be an ideal response?
Economics
Comment on the following statement: "Average fixed cost falls as output rises, but average fixed cost will never be equal to zero."
What will be an ideal response?
Economics
Life expectancy at birth in the United States has more than doubled since 1850
Indicate whether the statement is true or false
Economics
The extent of ________ is one key factor in determining the extent of pass-through effects in an economy
A) relative market power B) exchange rate flexibility C) perfect elasticity in currency supply D) currency overhang
Economics