Multiple Choice
"If the price of carrots drops,ceteris paribus,people will buy more carrots." What would be a way of explaining that statement?
A) The relationship between the price of carrots and the number of carrots that people buy is independent of other things.
B) If carrots are the only available goods,people will buy more of them if the price decreases.
C) If the price of carrots drops and everything else remains the same,the number of carrots people buy will increase.
D) As the price of carrots decreases,and all other prices decrease,then the quantity of carrots purchased will increase.
Correct Answer:

Verified
Correct Answer:
Verified
Q25: The country of Economia has higher productivity
Q29: Economists use graphs:<br>A) because they represent relationships
Q32: When the ceteris paribus assumption is violated
Q33: Which of the following represents incentives for
Q34: "How do interest rates influence employment?" is
Q66: Economic analysis cannot be applied to concepts
Q71: Hitting your snooze alarm before you get
Q74: Rational behavior<br>A) means incentives don't matter.<br>B) requires
Q106: Thinking at the margin means that the
Q293: There would be no economic problems in