Social Studies, 29.01.2020 05:41 Bryson2148
Suppose an economist says that "other things equal, the lower the price of bananas, the greater the amount of bananas purchased." this statement indicates that
a) economists can conduct controlled laboratory experimentsb) the quantity of bananas purchased determines the price of bananasc) all factors other than the price of bananas (for example, consumer tastes and incomes) are assumed to be constantd) one cannot generalize about the relationship between the price of bananas and the quantity purchasede) the economist has ignored the "king kong" effect on bananas
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