Comparative Statics Analysis in Economics Is Best Illustrated as

question 49

Multiple Choice

Comparative statics analysis in economics is best illustrated as

• A)the comparison of equilibrium points before and after changes in the market have occurred.
• B)a comparison of two types of markets.
• C)the comparison of the percentage of change in the one variable divided by the percentage change in the other variable.
• D)an analytical technique used to show best case scenarios of demand and supply curves.

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Definitions:

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This accounting method records income and expenses when they are earned or incurred, regardless of when cash transactions occur.

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An accounting method where revenues and expenses are recorded when cash is received or paid, respectively.

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