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

question 140

Multiple Choice

The "other things being equal" clause in the law of demand does  allow which of the following factors to change?

• A) Consumer income.
• B) The prices of other goods.
• C) Consumer tastes and preferences.
• D) The price of the good being demanded.

---

Definitions:

Second American Revolution

The transformation of American government and society brought about by the Civil War.

Bill of Rights

The first ten amendments to the United States Constitution, guaranteeing certain rights and freedoms to American citizens.

Medical Knowledge

The body of information and understanding in the fields of medicine and healthcare, encompassing research, clinical practice, and education.

Nineteenth Century

The period from January 1, 1801, to December 31, 1900, marked by significant industrial, cultural, and political changes worldwide, including the Industrial Revolution and the expansion of empires.