A Demand Curve Is Built on the Assumption That

question 45

Multiple Choice

A demand curve is built on the assumption that

• A)income is derived from demand.
• B)price remains the same, and fixed costs change.
• C)everything but price and demand remains the same.
• D)fixed costs change with quantity demanded.
• E)the firm does not advertise.

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Definitions:

Flooded

Flooded describes areas that have been overwhelmed with water beyond normal levels, due to natural phenomena like heavy rains or failure of man-made structures.

Floodplain

Flat land adjacent to a river, prone to flooding during periods of high discharge, which can deposit nutrient-rich sediments beneficial for agriculture.

Mississippi River

one of the longest rivers in North America, flowing southward from its source in Minnesota to the Gulf of Mexico.

Thompson River

The Thompson River is a major tributary of the Fraser River, flowing through the British Columbia interior in Canada, known for its scenic beauty and importance to local ecosystems.