Question

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

Explanation:

The ceteris paribus clause in the law of demand holds all non-price factors constant to isolate the relationship between the price of a good and the quantity demanded. Non-price factors include expectations, consumer tastes, and prices of other goods, while the price of the good itself is the variable being tested.

Answer:

b. price of the good demanded