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.

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Definitions:

Salespeople

Professionals who specialize in selling products or services, focusing on achieving sales goals and establishing customer relationships.

Sales Objections

The reasons or excuses given by prospects that prevent them from purchasing a product or service.

Category

A classification or grouping based on shared characteristics or qualities, often used to organize items, products, or ideas for easier reference or analysis.

Objection

A statement or question raised by a potential buyer expressing hesitation or concern about proceeding with a sale.