A demand curve is drawn holding other things constant. What does the other things constant provision mean,

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A demand curve is drawn holding “other things constant.” What does the “other things constant” provision mean, and why is it important to a correct interpretation of the law of demand?

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Microeconomics Theory and Applications

ISBN: 978-1118758878

12th edition

Authors: Edgar K. Browning, Mark A. Zupan

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Question Posted: Nov 14, 2014 08:20 AM

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A demand curve is drawn holding other things constant. What does the other things constant provision mean,

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The other things constant proviso means that we are exa...View the full answer

Microeconomics Theory and Applications

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