Think Critically How does this article demonstrate the law
of demand? Is there a possible violation
of the "other factors held constant"
assumption?
Chapter 3 Market Demand

Explanation:

Economists use the term demand to refer to the amount of some good or service consumers are willing and able to purchase at each price. Demand is based on needs and wants—a consumer may be able to differentiate between a need and a want, but from an economist’s perspective they are the same thing. Demand is also based on ability to pay. If you cannot pay, you have no effective demand.

What a buyer pays for a unit of the specific good or service is called price. The total number of units purchased at that price is called the quantity demanded. An increase in the price of a good or service almost always decreases the quantity demanded of that good or service. Conversely, a decrease in price will increase the quantity demanded.

When the price of a gallon of gasoline goes up, for example, people look for ways to reduce their consumption by combining several errands, commuting by carpool or mass transit, or taking weekend or vacation trips closer to home. Economists call this inverse relationship between price and quantity demanded the law of demand. The law of demand assumes that all other variables that affect demand are held constant.

Demand schedule and demand curve

A demand schedule is a table that shows the quantity demanded at each price.

A demand curve is a graph that shows the quantity demanded at each price. Sometimes the demand curve is also called a demand schedule because it is a graphical representation of the demand scheduls.

Here's an example of a demand schedule from the market for gasoline.

Price (per gallon)Quantity demanded (millions of gallons)

\$1.00$1.00dollar sign, 1, point, 00800800800

\$1.20$1.20dollar sign, 1, point, 20700700700

\$1.40$1.40dollar sign, 1, point, 40600600600

\$1.60$1.60dollar sign, 1, point, 60550550550

\$1.80$1.80dollar sign, 1, point, 80500500500

\$2.00$2.00dollar sign, 2, point, 00460460460

\$2.20$2.20dollar sign, 2, point, 20420420420

Price, in this case, is measured in dollars per gallon of gasoline. The quantity demanded is measured in millions of gallons over some time period—for example, per day or per year—and over some geographic area—like a state or a country.

Here's the same information sho

explanation: we can only guess at how our actions may be perceived in the future. doing something really big like killing lots of people, saving lots of people, affecting the lives of lots of people is a sure fire way of being remembered in historical records. we can also make a difference in the history records by being a small influence on something bigger, whether that is as a civil servant, scientist or artist.

of course you could argue that we all affect history just as tiny cogs in a   bigger machine.

if you mean how do people influence our opinions of things which have already happened, then simply by writing a book which looks at things form a different perspective and trying to convince people that this perspective is more accurate or truthful. people do it all the time i.e. richard the third was a terrible or was he? plenty would disagree, it's just that their views aren't the most widely known.n:

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