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In Deriving the Demand Schedule for a Good, Economists Assume

Question 281

Multiple Choice

In deriving the demand schedule for a good, economists assume that


A) consumers have equal incomes to allocate among goods.
B) a consumer will allocate all of her income to one good.
C) all other influences on demand except the product price are held constant.
D) reported income changes at each point on the demand schedule.

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