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Other Fields Homework Help Economics Topic started by: lizsmith on Feb 24, 2019



Title: The ________ effect refers to the change in quantity demanded for a good that results from the ...
Post by: lizsmith on Feb 24, 2019

Question 1.

By drawing a demand curve with ________ on the vertical axis and ________ on the horizontal axis, economists assume that the most important determinant of the demand for a good is the ________ of the good.

• quantity; price; quantity

• price; quantity; quantity

• price; quantity; price

• quantity; price; price

Question 2.

The ________ effect refers to the change in quantity demanded for a good that results from the effect of a change in the good's price on consumers' purchasing power.

ceteris paribus

• population

• substitution

• income


Title: The ________ effect refers to the change in quantity demanded for a good that results from the ...
Post by: Gparker on Feb 24, 2019
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