Which of the following factors are held constant for a given demand curve for a good?
A. The price of the good
B. The technology used to produce the good
C. The supply of the good
D. Consumer incomes and the prices of other goods
Answer: D
Economics
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One of the major reasons why the United States exports jet airplanes is because Boeing faces ________ opportunity cost than firms in other nations in the production of such aircraft
A) an unrelated B) a lower C) a higher D) an identical E) a nonexistent
Economics
If the supplies of capital and labour are fixed and technology is unchanging, then real output is:
A. fixed. B. determined by demand. C. uncertain. D. subject to wide fluctuations.
Economics