Question
When plotting a demand curve for the price of bottled soda, what is assumed to be constant according to ceteris paribus? Select the two correct
Select the two correct answers below.
Select all that apply:
the price of a bottled sports drink
the price of a bottle of soda
the costs of production of bottled soda
the quantity of bottles of soda supplied
2.
According to the law of supply, a higher rate of return __________ the quantity supplied of financial capital.
Select the correct answer below:
a. increases
b. decreases
c. does not affect
d. it is impossible to know
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
538453257, 978-0538453257
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