In presenting the notion of a demand curve economists presume that the most important variable in determining the quantity demanded is:

Question

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The demand curve shows the relationship between the quantity demanded of a good and its price, assuming all other factors such as consumer income, prices of related goods, and consumer tastes remain constant. Therefore, economists presume that the most important variable in determining the quantity demanded is the price of the product itself.

In Presenting the Notion of a Demand Curve Economists Presume