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the taste of consumers
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Ceteris paribus or all other things held constant is an assumption that has what effect on a demand schedule?
It takes only prices into account.
Ceteris paribus or all other things held constant is an assumption that has what effects on demand schedule?
It assumes only prices will change. -458 :D
What is the relationship between the law of supply?
As demand increases, supply increases, and as demand decreases, supply decreases. (Assuming Ceteris Paribus (All other factors are held constant))
Is income held constant along the demand curve?
Yes, an increase or decrease in income will cause a shift in the demand curve right or left depending on if the good is inferior, normal, or superior
If something happens and foreign consumers begin to buy more goods and services made in the US everything else held constant what do you predict will happen to aggregate demand?
If something happens and foreign consumers begin to buy more goods and services made in the United States, everything else held constant, what do you predict will happen to aggregate demandIf something happens and foreign consumers begin to buy more goods and services made in the United States, everything else held constant, what do you predict will happen to aggregate demand
When quantity demand is changing what variables are held constant?
non price determinants of demand are held constant
Ceteris paribus or all other things held constant is an assumption that has what effect on a demand schedule?
It takes only prices into account.
Ceteris paribus or all other things held constant is an assumption that has what effects on demand schedule?
It assumes only prices will change. -458 :D
What is the relationship between the law of supply?
As demand increases, supply increases, and as demand decreases, supply decreases. (Assuming Ceteris Paribus (All other factors are held constant))
Is income held constant along the demand curve?
Yes, an increase or decrease in income will cause a shift in the demand curve right or left depending on if the good is inferior, normal, or superior
If you want to predict how temperature will affect the volume of a gas what other factor must be held constant?
pressure
What type of variable is a factor held constant to test the relative impact of the independent variable?
independent variables :):):):):):):):):):):):)
If something happens and foreign consumers begin to buy more goods and services made in the US everything else held constant what do you predict will happen to aggregate demand?
If something happens and foreign consumers begin to buy more goods and services made in the United States, everything else held constant, what do you predict will happen to aggregate demandIf something happens and foreign consumers begin to buy more goods and services made in the United States, everything else held constant, what do you predict will happen to aggregate demand
The volume of a gas is reduced from 4 L to O5 L while the temperature is held constant The pressure of the gas?
increases by a factor of eight
The volume of a gas is reduced from 4 L to 0.5 L while the temperature is held constant. What does the pressure of the gas do?
increases by a factor of eight
In boyle's law which is held constant?
In case of BOYLE'S law,temperature is held constant! thank you!!
Explain the law of supply in your own words?
Law of supply: If demand is held constant, an increase in supply leads to a decreased price, while a decrease in supply leads etc
