By Drawing a Demand Curve with Price on the Vertical

question 35

Multiple Choice

By drawing a demand curve with price on the vertical axis and quantity on the horizontal axis,economists assume that the most important determinant of the demand for a good is

• A)consumer income.
• B)consumer tastes and preferences.
• C)the price of the good.
• D)the quality of the good.

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Definitions:

Propositions

Are ideas that result from finding the relationship between concepts.

Patterns

Are collections of related percepts.

Concrete Level

Refers to tasks, ideas, or projects that are specific, definite, and detail-oriented, as opposed to abstract concepts.

Sensate Level

Refers to the capacity or level at which physical sensations or feelings are experienced and perceived.