The "Ceteris Paribus" Clause in the Law of Demand Does

question 146

Multiple Choice

The "ceteris paribus" clause in the law of demand does not allow which of the following factors to change?

• A) Consumer tastes and preferences.
• B) The prices of other goods.
• C) Expectations.
• D) All of the above.

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Definitions:

Behavioral Science

The study of human and animal behavior through observation and experimentation, applying multidisciplinary principles.

Critical-Thinking Methodology

An approach that involves objective analysis and evaluation of an issue in order to form a judgment.

Bias

A prejudice in favor of or against one thing, person, or group compared with another, usually in a way considered to be unfair.

Observing Behaviors

The act of systematically watching and recording the actions and reactions of individuals or groups in order to gather data about specific conduct.