Ask Question
BusinessBusiness
17 September, 11:17

In order to derive an individual's demand curve for salmon, we would observe what happens to the utility-maximizing bundle when we change (A) income and hold everything else constant (B) tastes and preferences and hold everything else constant (C) the price of the product and hold everything else constant (D) the price of a close substitute and hold everything else constant

+1
Answers (1)
  1. 17 September, 12:33
    0
    The correct answer is option C.

    Explanation:

    The individual demand curve shows the quantity demanded of a commodity at different price levels, keeping other things constant.

    Here, in order to derive the individual's demand for salmon we would observe the change in utility maximizing bundle when price of the product changes, while keeping other things constant.

    So, option C is the correct answer.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “In order to derive an individual's demand curve for salmon, we would observe what happens to the utility-maximizing bundle when we change ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
One of the causes of the 2007-2009 financial crisis was a dramatic decrease in the value of mortgage-backed securities when housing prices began to fall. what does it mean when a financial firm securitizes a mortgage?
Answers (2)
Country X and Country Y reach an agreement to boost bilateral trade. They agree toremove all barriers to the trade of goods and services. They. however. are free todetermine their own trade policies with regard to nonmembers.
Answers (1)
Clancy's just paid its annual dividend of $1.48 per share. Analysts expect the stock price to increase by 2.1 percent annually and value the stock at $14.65 per share currently. What is the cost of equity for this firm
Answers (1)
The equilibrium price and quantity of a good are found where the supply and demand curves intersect. a) true b) false
Answers (1)
Suppose the marketing company did do a survey. they randomly surveyed 200 households and found that in 120 of them, the woman made the majority of the purchasing decisions.
Answers (1)
New Questions in Business
Which of these is not a factor you need to consider when choosing a bank? a. The number of ATM machines b. Branch locations c. How often you need access to your money d. The amount of money you paid in income taxes last year
Answers (1)
A margin of safety of 30% means that every dollar in revenue generated thirty cents in profit. A. True B. False
Answers (1)
Which of the following groups has the responsibility for identifying and deciding the appropriate accounting treatment for recording or disclosing contingent liabilities? A) Auditors B) Legal counsel C) Management D) Management and the auditors
Answers (1)
who talked about this clue "it will gain you more knowledge, intensify your soft skills, strong work ethics and grow your network" what is it?
Answers (1)
Which of the following would most likely be classified as a current liability? a. bond payable b. two-year note payable c. mortgage payable d. unearned rent
Answers (1)
Home » Business » In order to derive an individual's demand curve for salmon, we would observe what happens to the utility-maximizing bundle when we change (A) income and hold everything else constant (B) tastes and preferences and hold everything else constant (C)
Sign Up Forgot Password?