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Author Question: Ceteris paribus refers to the idea that if more than two variables are graphed, only one variable ... (Read 32 times)

joe

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on: Jun 29, 2018
Ceteris paribus refers to the idea that if more than two variables are graphed, only one variable must be held constant.
 
  Indicate whether the statement is true or false

Question 2

Refer to the figure above. After the demand curve shifts to D2, if the price is held below the new equilibrium, then:
 
  A) the quantity demanded will equal the quantity supplied.
  B) the quantity demanded will be greater than the quantity supplied.
  C) the quantity demanded will be less than the quantity supplied.
  D) there will be zero deadweight loss.


LegendaryAnswers

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Reply #1 on: Jun 29, 2018
Answer to Question 1

FALSE

Answer to Question 2

B


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