A Demand Curve Shows How Quantity Demanded Changes as the Price

question 48

Multiple Choice

A demand curve shows how quantity demanded changes as the price changes.It implies that

• A)only a change in price can shift a demand curve
• B)everything else that affects demand is assumed to be constant
• C)quantity demanded is unrelated to price
• D)economists are concerned only with money
• E)it is impossible to show how anything but price affects demand

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Definitions:

Existentialist

Related to existentialism, a philosophy that emphasizes individual existence, freedom, and choice.

Own 'Being'

A philosophical or existential concept referring to the essence or nature of an individual’s existence or identity.

Responsibility

The state or fact of having a duty to deal with something or of having control over someone, often with moral implications.

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A branch of psychotherapy that works with families and couples in intimate relationships to nurture change and development, focusing on systemic interactions within the family.