Microeconomics: Principles, Applications, and Tools (8th Edition)

Published by Prentice Hall
ISBN 10: 0-13294-886-9
ISBN 13: 978-0-13294-886-9

Chapter 4 - Demand, Supply, and Market Equilibrium - Exercises - 4.1 The Demand Curve - Page 91: 1.2

Answer

The values that are held fixed when drawing a market demand curve are consumer income price of other related goods consumer expectations about future prices

Work Step by Step

A market demand curve demonstrates the relationship between the price of the product and the quantity of the product purchased. Other factors should be held fixed so as not to impact the result of the comparison of those two factors.
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