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Economics · May / June 2024 · Paper 11 · Question 4

2281Demand

What is not held constant when drawing a demand curve for a good or service?

  1. Aconsumers’ incomes
  2. Btastes and preferences
  3. Cthe price of substitutes
  4. Dthe price of the good or service

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Correct answer: D. the price of the good or service

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