When we draw a demand curve for automobiles, which of the following is allowed to vary along the demand curve?
A) tastes and preferences of consumers
B) future expectations of consumers
C) money income of consumers
D) the price of automobiles

Question

Quizplus · Accepted Answer

The demand curve for a product, such as automobiles, shows the relationship between the price of the product and the quantity demanded, holding all other factors constant. Thus, the only variable that is allowed to vary along the demand curve is the price of the product itself, in this case, the price of automobiles.

When We Draw a Demand Curve for Automobiles, Which of the Following