A demand curve shows the relationship between price and quantity demanded, "other things remaining constant." The other things that remain constant include all of the following except the:
a. price of the product
b. price of complementary products.
c. price of substitute products.
d. number of consumers in the demographic group purchasing the product.
a
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If goods A and B are perfect substitutes, then the marginal rate of substitution of good A for good B is constant
a. True b. False Indicate whether the statement is true or false
Suppose the required reserve ratio is 15%. A $10 million deposit will, at most, allow an expansion of the money supply to
A. $250 million. B. $150 million. C. $147.5 million. D. $66.7 million.
A bank will want to hold more excess reserves (everything else equal) when
A) it expects to have deposit inflows in the near future. B) brokerage commissions on selling bonds increase. C) the cost of selling loans falls. D) the discount rate decreases.
Under the Bretton Woods system the international reserve currency was the
A) U.S. dollar. B) British pound. C) German mark. D) Japanese yen.