Question: State whether other things constant is likely to hold in the following supply/demand analyses: a. The impact of an increase in the demand for pencils

State whether “other things constant” is likely to hold in the following supply/demand analyses:

a. The impact of an increase in the demand for pencils on the price of pencils.


Yes

No



b. The impact of an increase in the supply of labor on the quantity of labor demanded.


Yes

No



c. The impact of an increase in aggregate savings on aggregate expenditures.


Yes

No



d. The impact of a new method of producing CDs on the price of CDs.


Yes

No

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