When Economists Explain the Relationship Between the Price of Hotdogs

question 96

Multiple Choice

When economists explain the relationship between the price of hotdogs and the number that consumers will buy, the ceteris paribus assumption implies that

• A)the price of hotdogs is constant.
• B)the quantity of hotdogs purchased is constant.
• C)both the price and quantity of hotdogs purchased are constant.
• D)factors other than the price and quantity of hotdogs purchased are constant.
• E)everything in the world does not change.

---

Definitions:

Employees and Staff

Individuals hired by an organization to perform specific duties in exchange for compensation.

Cultural Change

A significant shift in the behaviors, values, and norms within an organization or society.

Optimistic

A tendency to expect the best possible outcome or dwell on the most hopeful aspects of a situation.

Team Building

A collective term for various types of activities used to enhance social relations and define roles within teams, often involving collaborative tasks.