When Economists Explain the Relationship Between the Price of Hotdogs

question 96

Multiple Choice

When economists explain the relationship between the price of hotdogs and the number that consumers will buy, the ceteris paribus assumption implies that

• A)the price of hotdogs is constant.
• B)the quantity of hotdogs purchased is constant.
• C)both the price and quantity of hotdogs purchased are constant.
• D)factors other than the price and quantity of hotdogs purchased are constant.
• E)everything in the world does not change.

---

Definitions:

Female Underprediction Effect

A phenomenon where the academic performance of females is underestimated compared to their male counterparts, based on standardized testing scores.

Standardized Tests

Tests designed to be administered and scored in a consistent, or standard, manner across different administrations, often used in educational settings.

SAT

The SAT is a standardized test widely used for college admissions in the United States.

Gendering Cognition

The process by which society and culture shape the way we think about gender and how it influences our perceptions and actions.