"If the Price of Carrots Drops,ceteris Paribus,people Will Buy More

question 30

Multiple Choice

"If the price of carrots drops,ceteris paribus,people will buy more carrots." What would be a way of explaining that statement?

• A) The relationship between the price of carrots and the number of carrots that people buy is independent of other things.
• B) If carrots are the only available goods,people will buy more of them if the price decreases.
• C) If the price of carrots drops and everything else remains the same,the number of carrots people buy will increase.
• D) As the price of carrots decreases,and all other prices decrease,then the quantity of carrots purchased will increase.

---

Definitions:

Verbal

Relating to or consisting of words, especially as opposed to actions or visual representations; often pertaining to spoken language or communication.

Mathematical

Pertaining to mathematics; involving the study of numbers, quantities, structures, and their relationships.

Analytic Intelligence

Analytic Intelligence is a component of Sternberg's triarchic theory of intelligence that involves mental processes used in learning how to solve problems, including logical reasoning and critical analysis.

Logical-Mathematical

A cognitive ability or intelligence that involves logical reasoning and the capacity for mathematical problem solving.