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Author Question: The statement other things being equal in the law of demand means all of the following remain ... (Read 49 times)

xroflmao

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on: Jun 29, 2018
The statement other things being equal in the law of demand means all of the following remain constant EXCEPT
 
  A) consumer income.
  B) the price of the good concerned in the law of demand.
  C) the prices of substitutes.
  D) tastes and preferences.

Question 2

A factory can be thought of as
 
  A) a land and labor combination.
  B) a trade-off with land.
  C) physical capital.
  D) a type of entrepreneurship.


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memslove

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

B

Answer to Question 2

C


xroflmao

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

atrochim

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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