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Kruka [31]
1 year ago
6

Any given demand or supply curve is based on the ceteris paribus assumption that

SAT
1 answer:
Tomtit [17]1 year ago
7 0

Every demand and supply curve is founded on the ceteris paribus supposition that everything else is held constant. A diagram that plots the amount demanded along the horizontal axis and the price along the vertical axis to show the relationship between the two. Thus, option C is correct.

<h3>What supply curve is based on the ceteris paribus?</h3>

A demand curve will be impacted by the ceteris paribus assumption, since it considers elasticity. If a good's price rises while all other variables remain the same, the demand for that good will decline.

Therefore, Due to the fact that most people won't be able or willing to spend more money than they have,

Learn more about ceteris paribus here:

brainly.com/question/13864080

#SPJ1

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