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Author Question: In considering the relationships between price and quantity demanded, ceteris paribus directs the ... (Read 44 times)

joe

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on: Jun 30, 2018
In considering the relationships between price and quantity demanded, ceteris paribus directs the economist to assume that
 
  A) price increases affect quantity. B) quantity increases affect prices.
  C) either price nor quantity affect demand. D) all other variables remain unchanged.

Question 2

This Application examines the concept of
 
  A) sticky prices. B) consumer spending habits.
  C) stagflation. D) the wealth effect.
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
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kkenney

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

D

Answer to Question 2

A


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