Which of the following is not held constant along a given demand curve for a good?

Which of the following is NOT held constant along a given demand curve for a good?
A. Price
B. Consumer’s income
C. The price of substitutes
D. Consumer tastes

Decreasing Pm
A. Will increase Demand
B. Will decrease Supply
C. Will cause a shortage
D. Both a&b


Answer

Q1. Along a given demand curve, factors affecting demand other than price are held constant. These factors affecting demand other than price are price of related goods, income of consumer, tastes and preferences, number of conumers in the market etc.

Thus, along a demand curve only price remain non-constant while all other factors affecting demand are taken as constant.

So, price is not held constant along a demand curve. In fact, demand curve depicts the quantity demanded at various prices.

Hence, the correct answer is option (A).

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