A Basic Assumption Used in Most Economic Theories Is That

question 114

Multiple Choice

A basic assumption used in most economic theories is that:

• A) what is true for a part of the whole must also be true for the whole.
• B) as price decreases,quantity demanded will decrease.
• C) whatever goes up must come down.
• D) all other things remain the same.

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Definitions:

Tailor

A person who makes, repairs, or alters clothing professionally, especially suits and men's clothing.

Audience's Needs

The requirements or expectations of the target group to which information, products, or services are directed.

Rude

Displaying or characterized by a lack of manners or consideration for others.

Audience

An audience is a group of people who gather physically or virtually to watch, listen to, or read something presented to them.