In a market basket of goods: Select one: the quantities stay constant and the prices may change. O b. the quantities may change and the prices are held constant. O c. both the prices and the quantities are held constant. O d. both the prices and the quantities may change.

In a market basket of goods: Select one: the quantities stay constant and the prices may change. O b. the quantities may change and the prices are held constant. O c. both the prices and the quantities are held constant. O d. both the prices and the quantities may change.

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter4: The Market Forces Of Supply And Demand

Section: Chapter Questions

Problem 5CQQ

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Question

In a market basket of goods:
Select one:
the quantities stay constant and the prices may change.
а.
O b. the quantities may change and the prices are held constant.
C.
both the prices and the quantities are held constant.
O d. both the prices and the quantities may change.

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