Ask Question
BusinessBusiness
5 March, 06:23

Jeremy is studying the effects of income on the demand for Greek ceramics. If "ceteris paribus" is used, which factors would be held constant when studying the effects of changes in income?

+5
Answers (1)
  1. 5 March, 06:34
    0
    B) all factors affecting demand, except income

    Explanation:

    Ceteris paribus can be used to identify the relationship between two specific variables, while leaving all other factors constant. In this case, since Jeremy is studying the effects of income on the demand (of anything really, not only Greek ceramics), it should affect all factors affecting demand except income. Jeremy is going to analyze how the quantity demanded changes when the income changes, all other things constant.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Jeremy is studying the effects of income on the demand for Greek ceramics. If "ceteris paribus" is used, which factors would be held ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Purchases in May were $ 60 comma 000 , while expected purchases for June and July are $ 75 comma 000 and $ 93 comma 000 , respectively. All purchases are paid 30 % in the month of purchase and 70 % in the following month.
Answers (1)
A company is interested in monitoring the variability in the weight of the fertilizer bags it produces. An appropriate control chart would be: a p-chart. a c-chart. an R-chart
Answers (1)
Why do company manager-owners smile when they ring the stock exchange bell at their IPO? A. Manager-owner are freed of burden of managing their company. B. An IPO reveals the value of the manager-owners' value. C.
Answers (1)
In an open economy, GDP is $12 trillion this year. Consumption is $8 trillion, and government spending is $2 trillion. Taxes are $0.5 trillion. Exports are $1 trillion, and imports are $3 trillion. How much is private saving
Answers (1)
Add and simplify 9/19 = 1/2
Answers (1)
New Questions in Business
For a business credit card, most companies that issue credit, including Visa and Mastercard, specifically state their liability policies: Only cover the first $50.
Answers (1)
In the resource-based view of the firm, examples of tangible resources include: Select one: a. outstanding customer service, innovativeness of products, and reputation b.
Answers (1)
Off-Line Co. has 9,000 units in beginning finished goods. The sales budget shows expected sales to be 36,000 units. If the production budget shows that 42,000 units are required for production, what was the desired ending finished goods?
Answers (1)
g resh bought 1,000 shares of Ibis Corporation stock for $5,600 on January 15, 2017. On December 31, 2019, she sold all 1,000 shares of her Ibis stock for $4,800.
Answers (1)
The last stage of the new-product development process is
Answers (1)
Home » Business » Jeremy is studying the effects of income on the demand for Greek ceramics. If "ceteris paribus" is used, which factors would be held constant when studying the effects of changes in income?
Sign Up Forgot Password?