33.9k views
1 vote
A demand curve is an accurate tool for predicting the decisions of consumers as long as what condition exists? Price and all other factors remain the same. There are no changes other than income that could affect consumers. none of the above There are no changes other than price that could affect consumers.

2 Answers

1 vote

There are no changes other than price that could affect consumers.

GRADPOINT;)

User Fssilva
by
7.3k points
3 votes
A demand curve is an accurate tool for predicting the decisions of consumers as long as : There are no changes other than price that could affect consumers.
Predicting consumers decision with demand curve basically only considering the price and the quantity bought. But often times, other factors such as mood or peer pressure also plays into hand

hope this helps
User Amer Hukic
by
6.5k points