A common misperception about consumer demand is that
a. demand depends on many other variables.
b. price is a major determinant of quantity.
c. it is a fixed amount.
d. quantity cannot be determined in advance.
e. All of the above are correct.
c
Economics
You might also like to view...
Prices in the European ERM countries on fixed exchange rates have converged ___ than for nations outside the ERM.
A) more slowly B) more rapidly C) more completely D) less completely
Economics
The hypothesis that regulators eventually are controlled by the regulated firms and their special interests is the
A) share-the-gains, share-the-pains hypothesis. B) capture hypothesis. C) public interest theory. D) control-group hypothesis.
Economics