Join thousands of students who trust us to help them ace their exams!Watch the first video
Multiple Choice
When we move along a given demand curve, which of the following is held constant?
A
Consumer income
B
The price of the good
C
All other determinants of demand except the price of the good
D
The quantity demanded
Verified step by step guidance
1
Understand that a demand curve shows the relationship between the price of a good and the quantity demanded, holding other factors constant.
Identify that when moving along a demand curve, the price of the good changes, which causes a change in quantity demanded.
Recognize that all other determinants of demand (such as consumer income, tastes, prices of related goods, expectations) are held constant during this movement.
Note that a change in any of these other determinants would shift the entire demand curve, not cause movement along it.
Therefore, the correct interpretation is that when moving along a demand curve, all other determinants of demand except the price of the good are held constant.