Which of the Following Is Not Held Constant as You

question 114

Multiple Choice

Which of the following is not held constant as you move along the demand curve?

• A) The price of that good
• B) The price of other goods
• C) The incomes of consumers
• D) The preferences of consumers for the good

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Definitions:

Fixed Inspection Cost

A cost that remains constant in total for the inspection process regardless of the level of production.

Machine-Hours

An assessment of the level of productivity or operational activity, based on the time span machinery is active.

Sales Commissions

Payments made to sales employees as a percentage of the sales they generate.

Sales Volume

The total number of units of a product sold within a specific period.