The Use of the Phrase "Other Things Constant" in Supply

question 90

Multiple Choice

The use of the phrase "other things constant" in supply and demand analysis indicates that:

• A) an equilibrium price has been reached.
• B) an equilibrium quantity has been reached.
• C) we are considering changes in just one factor.
• D) we are considering all the changes which might take place in actual markets.

---

Definitions:

Development

The process through which organisms grow and change over time, involving physical, biological, and sometimes psychological transformations.

Amnion

The amnion is a thin membrane that surrounds the embryo in mammals, birds, and reptiles, providing a protective environment.

Cell Differentiation

The process by which a cell becomes specialized to perform a specific function, often as part of developmental processes in multicellular organisms.

Pattern Formation

The process by which cells in a developing organism acquire different identities according to their relative spatial positions, leading to the organized structure of tissues, organs, and the entire organism.