24. State whether the “other things constant” is likely to hold in the following supply/demand analyses: (LO4-3)

a. The impact of an increase in the demand for pencils on the price of pencils.

b. The impact of an increase in the supply of labor on the quantity of labor demanded.

c. The impact of an increase in aggregate savings on aggregate expenditures.

d. The impact of a new method of producing CDs on the price of CDs.