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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Fossils of organisms that were geographically widespread but limited to a short span of geological time, used to define and identify geological periods.

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