If the Price of a Textbook Rises and Then Students

question 182

Multiple Choice

If the price of a textbook rises and then students purchase fewer textbooks, an economic model can show a cause-and-effect relationship only if which of the following conditions holds:

• A) students' incomes fall.
• B) tuition decreases.
• C) the number of students increases.
• D) everything else is constant.
• E) the bookstore no longer accepts used book trade-ins.

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Definitions:

Effective

Producing the intended or desired result.

Dishonors

Refers to the failure to fulfill an obligation, especially the failure of a bank to pay a check or note when presented.

Sufficient Funds

The necessary amount of money available to complete a transaction or meet financial obligations.

Liable

Being legally responsible or obligated to make amends for harm caused to another person or property.