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Author Question: A demand curve shows the relationship between price and quantity demanded, other things remaining ... (Read 143 times)

leilurhhh

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on: Jun 30, 2018
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.

Question 2

The long-run aggregate supply relationship refers to:
 a. a time period long enough for the prices of both outputs and inputs to adjust to changes in the economy.
  b. any time period of more than a year.
 c. a time period in which input prices can change, but output prices have not had time to adjust.
 d. a time period in which output prices can change but input prices have not had time to adjust.


IAPPLET

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

a


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