When an economics student draws a supply and demand diagram to model an increase in the income,

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When an economics student draws a supply and demand diagram to model an increase in the income, she is assuming this change happens

a). Semper fidelis.

b). Ceteris paribus.

c). Lpso facto.

d). Defacto.

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Issues in Economics Today

ISBN: 978-1259746390

8th edition

Authors: Robert C. Guell

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Question Posted: Apr 23, 2018 09:29 AM

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When an economics student draws a supply and demand diagram to model an increase in the income,

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b Ceteris paribus Explanation A Latin phrase most commonly used by econ...View the full answer

Issues in Economics Today

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