Question
The statement: 'John buys more of good X as his income increases, other things are the same', means: John's income is being held constant. John's
The statement: 'John buys more of good X as his income increases, other things are the same', means:
John's income is being held constant.
John's purchases of good X are being held constant.
John's income and purchases of this good are being held constant.
John's income is the only influence that is being allowed to change.
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International Business
Authors: John Daniels, Lee Radebaugh, Daniel Sullivan
15th edition
133457230, 978-0133457230
