A Change in Demand Cannot Be Caused by a Change

question 150

Multiple Choice

A change in demand cannot be caused by a change in:

• A) tastes.
• B) population.
• C) the prices of other goods.
• D) expectations of future prices.
• E) the price of the good itself.

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Definitions:

Fallacy

A flaw in the process of thought that results in an argument being invalid or not solidly reasoned.

Affirming Consequent

A logical fallacy where one assumes that because the consequent is true, the antecedent must also be true; it's a flawed argument in conditional reasoning.

Antecedent

The conditional clause that represents the if-part in a conditional statement, where its truth logically necessitates the truth of the consequent.

Modus Ponens

A logical form of argument where, from two premises, one asserts a condition and the other affirms that condition, leading to a conclusion.