When We Move Up or Down a Given Demand Curve

question 5

Multiple Choice

When we move up or down a given demand curve, what is held constant?

• A) Only price is held constant.
• B) Income and the price of the good are held constant.
• C) All nonprice determinants of demand are assumed to be constant.
• D) All determinants of quantity demanded are held constant.

---

Definitions:

Unfavorable

A term describing a situation or outcome that is negative or disadvantageous, often used in financial contexts.

Favorable

A term used in accounting and finance to describe results or variances that are better than expected or budgeted, indicating positive performance.

Variance Analysis

The process of analyzing the differences between budgeted and actual financial performance.

Managers

Individuals responsible for planning, directing, and overseeing the operations and fiscal health of a portion of an organization or the entire organization.