The Law of Demand Includes the Statement "Other Things Being

question 284

Multiple Choice

The law of demand includes the statement "other things being equal." These other things include all of the following EXCEPT

• A) the price of that good in the law of demand.
• B) consumers' income.
• C) consumers' tastes and preferences.
• D) the number of potential buyers.

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Definitions:

Diversity

Refers to the inclusion of different types of people (such as people of different races, cultures, genders, etc.) in a group or organization.

Canadian Patient Safety Institute (CPSI)

A Canadian organization dedicated to improving patient safety and quality of care throughout the healthcare system.

Preventable Incidents

Events or occurrences that could be avoided through proper caution, preparation, or action.

Hospitalization

The process of admitting a patient to a hospital for treatment, observation, or care.