This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The statement, John buys more of good X as his income increases, Ceteris paribus, means: a. John's ... (Read 89 times)

genevieve1028

  • Hero Member
  • *****
  • Posts: 601
on: Jun 30, 2018
The statement, John buys more of good X as his income increases, Ceteris paribus, means:
 a. John's income is being held constant.
  b. John's purchases of good X are being held constant.
  c. John's income and purchases of this good are being held constant.
  d. the price of this good is being allowed to change.

Question 2

The term Ceteris paribus means that:
 a. everything is changing.
  b. all other things remain unchanged.
  c. no one knows which variables will change and which will remain constant.
  d. the basic principle of economics do not apply to the case being considered.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

dantucker

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

b


genevieve1028

  • Member
  • Posts: 601
Reply 2 on: Jun 30, 2018
Gracias!

T4T

  • Member
  • Posts: 348
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

The correct statement about hormones-insulin and glucagon The correct statement about hormones-insulin and glucagon
Carrots are a good source of vitamin A Carrots are a good source of vitamin A
Income Inequality in the United States: 1947–2009 Income Inequality in the United States: 1947–2009
Effect of an Exogenous Shift in Income Effect of an Exogenous Shift in Income
Income per Capita versus Total Fertility Rate Income per Capita versus Total Fertility Rate
A bank statement shows a balance of $2,970.31 The check register of the account owner shows an ... A bank statement shows a balance of $2,970.31 The check register of the account owner shows an ...
Video: Chronology of leptin research (A history of leptin research)

For a complete list of videos, visit our video library