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Author Question: The law of demand says that the lower the price charged for a good, ceteris paribus, the: a. ... (Read 70 times)

Collmarie

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on: Jun 30, 2018
The law of demand says that the lower the price charged for a good, ceteris paribus, the:
 a. greater the quantity demanded per period of time.
  b. greater the demand for the good per period of time.
  c. smaller the demand for the good per period of time.
  d. smaller the quantity demanded per period of time.
  e. larger the supply of the good per period of time.

Question 2

The ceteris paribus clause in the law of demand does not allow which of the following factors to change?
 a. Consumer tastes and preferences. b. The prices of other goods.
  c. Expectations. d. All of these.


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jjorrostieta

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

a

Answer to Question 2

d


Collmarie

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Reply #2 on: Jun 30, 2018
Thank you


jjorrostieta

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Reply #3 on: Jun 30, 2018
No problemo


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