Which of the following is not held constant as you move along the demand curve?
A. The price of that good
B. The incomes of consumers
C. The price of other goods
D. The preferences of consumers for the good
Answer: A
You might also like to view...
Answer the following statement(s) true (T) or false (F)
1. An attorney that finds a loophole in a law has formed a creative response to the law. 2. The amount of output produced by two firms in a Cournot oligopoly setting is greater than that produced by a monopoly, but smaller than that which would be produced if the market were perfectly competitive. 3. According to the Bertrand model, price and output is higher under oligopoly than under competition. 4. A firm has monopoly power when it is the single seller of a good or service. 5. If a monopoly desires to raise its profits, it can simply raise the price it charges.
Actions by the Federal Reserve to influence the level of GDP are known as
A) cyclical policy. B) monetary policy. C) procyclical policy. D) fiscal policy.
What is producer surplus?
What will be an ideal response?
Explain risk and liquidity of assets
What will be an ideal response?