An economist who says "assume that the price of pizza rises" means
A) she expects the price of pizza to increase.
B) she wants to consider what would happen if the price of pizza were to increase.
C) she does not believe the price of pizza will fall.
D) she is not using the ceteris paribus assumption.
Correct Answer:
Verified
Q83: Holding all variables but one constant and
Q84: An economic theory is also known as
Q85: Economists who assume that wants are "unlimited"
Q86: Which of the following statements about economic
Q87: When an economist analyzes the effect of
Q89: Which of the following statements is TRUE?
A)The
Q90: Which of the following is an application
Q91: Another term for an "economic model" is
Q92: Giving money to a charity is rational
Q93: Using the ceteris paribus condition involves
A)making all
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents