Question

23
Any change in ceteris paribus(other things remaining constant) assumptions of a demand curve would lead to:-
O a decrease in supply
O a compulsory increase in supply
O either an increase or a decrease in demand
O an increase in quantity supplied
O an increase in quantity demanded

Answer 1

Answer:

As another example, take the laws of supply and demand. Economists say the law of demand demonstrates that ceteris paribus, more goods tend to be purchased at lower prices. Or that, if demand for any given product exceeds the product's supply, ceteris paribus, prices will likely rise