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Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111 Exercise 32
INTRODUCTION TO ECONOMICS
This road map feature helps you tie together material in the part as you travel the Economic Way of Thinking Highway. The following are review questions listed by chapter from the previous part. The key concept in each question is given for emphasis, and each question or set of questions concludes with an interactive game to reinforce the concepts. Visit cengagebrain.com to purchase the MindTap product where you can select a chapter and play the visual causation chain game designed to make learning fun. The correct answers to the multiple choice questions are given in Appendix C.
Key Concept: Ceteris paribus
If the price of a textbook rises and students purchase fewer textbooks, an economic model can show a cause-and-effect relationship only if which of the following conditions holds?
A) Students' incomes fall.
B) Tuition decreases.
C) The number of students increases.
D) Everything else is constant.
E) The bookstore no longer accepts used book trade-ins.
This road map feature helps you tie together material in the part as you travel the Economic Way of Thinking Highway. The following are review questions listed by chapter from the previous part. The key concept in each question is given for emphasis, and each question or set of questions concludes with an interactive game to reinforce the concepts. Visit cengagebrain.com to purchase the MindTap product where you can select a chapter and play the visual causation chain game designed to make learning fun. The correct answers to the multiple choice questions are given in Appendix C.
Key Concept: Ceteris paribus
If the price of a textbook rises and students purchase fewer textbooks, an economic model can show a cause-and-effect relationship only if which of the following conditions holds?
A) Students' incomes fall.
B) Tuition decreases.
C) The number of students increases.
D) Everything else is constant.
E) The bookstore no longer accepts used book trade-ins.
Explanation
Verified
Verified
Thus to make the model work we assume th...
Economics for Today 9th Edition by Irvin Tucker
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