Multiple Choice
The statement, "John buys more of good X as his income increases, Ceteris paribus ," means:
A) John's income is being held constant.
B) John's purchases of good X are being held constant.
C) John's income and purchases of this good are being held constant.
D) the price of this good is being allowed to change.
Correct Answer:
Verified
Correct Answer:
Verified
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