Question

the \ceteris paribus\ clause in the law of demand allows which of the following factors to change?
a. expectations
b. consumer tastes and preferences
c. prices of other goods
d. price of the good demanded

Explanation:

The ceteris paribus condition in the law of demand holds all non-price factors constant to isolate the relationship between the price of the specific good and the quantity demanded. Factors like expectations, consumer tastes, and prices of other goods are the non-price determinants that are kept fixed. Only the price of the good itself is allowed to change to observe its impact on quantity demanded.

Answer:

d. price of the good demanded