Asked by Claire Fledderman on Jul 05, 2024
Verified
Which of the following is held constant along the demand curve?
A) price of the good
B) quantity
C) income
D) both A and B
Demand Curve
A graph showing the relationship between the price of a good and the amount of the good that consumers are willing and able to buy at each price.
- Acquire knowledge on the core principles of supply and demand.
Verified Answer
AE
Austin EvanishJul 09, 2024
Final Answer :
C
Explanation :
Along the demand curve, the price of the good changes to show how quantity demanded varies with price, while other factors like income and the prices of other goods are held constant.
Learning Objectives
- Acquire knowledge on the core principles of supply and demand.