-In the above figure, while drawing the line showing the relationship between the price of a pound of peanuts and the quantity sold, the
A) price of a pound of pecans is held constant.
B) price of a pound of peanuts is held constant.
C) quantity of peanuts that farmers supply is constant.
D) Both answers A and B are true.

Question

-In the above figure, while drawing the line showing the relationship between the price of a pound of peanuts and the quantity sold, the
A) price of a pound of pecans is held constant. 
B) price of a pound of peanuts is held constant. 
C) quantity of peanuts that farmers supply is constant. 
D) Both answers A and B are true.

Quizplus · Accepted Answer

When drawing a demand curve, the price of related goods, such as pecans, is typically held constant to isolate the relationship between the price of peanuts and the quantity sold.

-In the Above Figure, While Drawing the Line Showing the Relationship