When plotting a demand curve for the price of bottled soda, what is assumed to be constant
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Question:
When plotting a demand curve for the price of bottled soda, what is assumed to be constant according to ceteris paribus?
Select the two correct answers below.
Select all that apply:
the price of a bottled sports drink
the price of a bottle of soda
the costs of production of bottled soda
the quantity of bottles of soda supplied
2.
According to the law of supply, a higher rate of return __________ the quantity supplied of financial capital.
Select the correct answer below:
a. increases
b. decreases
c. does not affect
d. it is impossible to know
Related Book For
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
Posted Date: