In constructing a stable demand curve for product X:

A. the prices of other goods are assumed constant.
B. the supply curve of product X is assumed to be fixed.
C. money incomes are allowed to vary.
D. consumer preferences are allowed to vary.

Answer: A

Economics

You might also like to view...

List the drawbacks of the gold standard

What will be an ideal response?

View

Economics

A key international institution that plays an important role in exchange rate determination is the

A) U.S. Currency Board. B) European Central Bank. C) World Bank. D) International Monetary Fund.

View

Economics