A demand curve shows the relationship between price and quantity demanded only so long as all other things are held constant.

Name: A demand curve shows the relationship between price and quantity demanded only so long as all other things are held constant.
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Question

Quizplus · Accepted Answer

This is the basic assumption of demand theory, known as ceteris paribus or "all other things being equal". Any changes in other factors such as income, preferences, or the prices of related goods could shift the demand curve.

A Demand Curve Shows the Relationship Between Price and Quantity