In order to derive a demand curve for cheese, we would change
A)income and hold other things constant
B)tastes and hold other things constant
C)the price of other goods and hold everything else constant
D)the price of cheese and hold other things constant
E)the price of all goods, including cheese and hold other things constant

Question

Quizplus · Accepted Answer

To derive a demand curve for cheese, we need to hold other things constant and change the price of cheese itself. This allows us to observe how changes in price affect the quantity of cheese demanded. By plotting different prices against the corresponding quantities demanded, we can derive the demand curve for cheese. Changing income, tastes, or the price of other goods would not enable us to isolate the effect of cheese's price on its demand.

In Order to Derive a Demand Curve for Cheese, We