In Deriving the Demand Schedule for a Good, Economists Assume

question 281

Multiple Choice

In deriving the demand schedule for a good, economists assume that

• A) consumers have equal incomes to allocate among goods.
• B) a consumer will allocate all of her income to one good.
• C) all other influences on demand except the product price are held constant.
• D) reported income changes at each point on the demand schedule.

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