The "Other Things Being Equal" Clause in the Law of Demand

question 210

Multiple Choice

The "other things being equal" clause in the law of demand does not allow which of the following factors to change?

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

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Definitions:

Persuasive Message

A communication designed to convince or influence the audience to adopt a specific point of view or take a particular action.

Logic

The study of principles of reasoning, especially of the structure of propositions and the way in which they relate to each other to form valid arguments.

Hypothesis

Testable explanation of a natural phenomenon.

Natural Phenomenon

A naturally occurring event or occurrence that can be observed in the physical world, not caused by humans.