The term ceteris paribus means
A) the greatest good for all.
B) the study of scarcity and choice.
C) all other things remaining constant or equal.
D) value-free and testable.
C
Economics
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If the price of one input changes, generally the firm will change its use of both inputs
a. True b. False Indicate whether the statement is true or false
Economics
You wear either shorts or sweatpants every day. You notice that sweatpants have gone on sale, so your demand for
a. sweatpants will increase. b. sweatpants will decrease. c. shorts will increase. d. shorts will decrease.
Economics