Define independence of demand and supply curves

Reference no: EM13175483

A critical assumption in the model of demand and supply is the independence of demand and supply curves. If the two are not independent, a shift in the demand curve can lead to a shift in the supply curve referred to as?

a)supply-side economics

b)physician-induced demand

c)supply shocks

d)ceteris paribus

e)the fallacy of supply

Reference no: EM13175483

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