Which of the following is not held constant along a given demand curve for a good?
A. Consumer tastes.
B. Price of the good itself (own price).
C. Consumer's income.
D. The price of substitute goods.
Answer: B
You might also like to view...
The shape of the aggregate demand curve does not tell us anything about how the total dollar value of spending will ultimately be divided between output and prices. For this we need
A) information about the standard of living in the country. B) information that only the Consumers' Price Index can provide. C) an aggregate supply curve. D) to know how far from the origin the aggregate demand curve is.
When a profit-maximizing firm makes a decision to employ a worker, that decision is based on: a. the individual contribution that the worker makes to the profit of the firm. b. the average productivity of the firm's labor force
c. the familial relationship between the employer and the employee. d. the total output produced by the firm.