Which of the Following Statements Is TRUE,ceteris Paribus

question 45

Multiple Choice

Which of the following statements is TRUE,ceteris paribus?

• A)If price goes down,demand decreases.
• B)If price goes down,demand increases.
• C)If demand increases,then the demand curve shifts to the left.
• D)If demand decreases,then the demand curve shifts to the left.

---

Definitions:

Periodic Payment

A recurring payment made over a set interval of time, such as monthly or annually, often associated with loans or investments.

Ordinary Annuity

Like payments executed after every period close throughout an agreed length.

Periodic Payment

Recurrent payments made at regular intervals over a period of time, such as monthly mortgage or rent payments.

Ordinary Annuity

Regular payments of the same amount made at fixed intervals, where interest is added to the total at the end of each period.