The Economic Model of Demand

Multiple Choice

The economic model of demand

A) explains the consequences of a change in buyers' tastes,but not the causes
B) explains the causes of a change in buyers' tastes,but not the consequences
C) explains both the causes and consequences of a change in buyers' tastes
D) explains neither the causes nor the consequences of a change in buyers' tastes
E) ignores buyers' tastes because they are too unstable to include in the model