Multiple Choice
Ceteris paribus, a change in the price of a good always results in a change in:
A) income.
B) tastes.
C) quantity demanded.
D) both income and tastes.
E) the price of other goods.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q67: Assuming that bus travel is an inferior
Q385: Assuming gasoline and oil to be complementary
Q386: Exhibit 3A-1 Comparison of Market Efficiency and
Q387: The law of supply states that an
Q388: Exhibit 3-4 Supply curves <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6121m/.jpg" alt="Exhibit
Q390: When firms advertise their products, they are
Q391: If consumer incomes go up and Harley
Q393: If butter is a substitute for margarine,
Q394: Which of the following would most likely
Q500: Which of the following is least likely