A demand curve shows the relationship between price and quantity demanded, "other things remaining constant." The other things that remain constant include all of the following except the:
a. price of the product
b. price of complementary products.
c. price of substitute products.
d. number of consumers in the demographic group purchasing the product.
a
Economics
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"A price floor that is less than the equilibrium price leads to a shortage of the good." Is this assertion true or false? Explain your answer
What will be an ideal response?
Economics
Significant economic growth did not begin in the world until
A) 1000 A.D. B) 1750 A.D. C) 1820 A.D. D) the 20th century A.D.
Economics