True or false: when a demand curve for a specific product (shoes or apples, for example) is constructed, changes in the number of consumers in the market are held constant.

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23-01-2018
Business

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True or false: when a demand curve for a specific product (shoes or apples, for example) is constructed, changes in the number of consumers in the market are held constant.

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jamuuj jamuuj · Answer 1 · 2018-02-03T08:50:35+01:00

jamuuj jamuuj

03-02-2018

It is true, when demand curve of a specific product such shoes or apples is constructed consumer income or the number of consumers in the market are held constant. A demand curve is a graph showing the relationship between the price of a commodity and the willingness and ability of consumers to purchase the commodities (demand).

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