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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