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Author Question: The other things being equal clause in the law of demand does not allow which of the following ... (Read 27 times)

haleyc112

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on: Jun 30, 2018
The other things being equal clause in the law of demand does not allow which of the following factors to change?
 a. Consumer income. b. The prices of other goods.
  c. Consumer tastes and preferences. d. All of these.

Question 2

The fact that price and quantity demanded are related negatively illustrates the:
 a. law of supply.
  b. law of quantity supply.
  c. law of demand.
  d. law of quantity demanded.
  e. point that some facts are unobservable.


vish98

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

d

Answer to Question 2

c


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