In Which of the Following Statements Are the Terms Demand

question 150

Multiple Choice

In which of the following statements are the terms demand, supply, quantity demanded, and/or quantity supplied used correctly?

• A)When the quantity demanded exceeds supply, the equilibrium price will rise.
• B)Changes in demand and supply cause changes in the equilibrium price.
• C)If the demand rises, supply rises.
• D)Oranges are cheaper in Florida; therefore, the demand is greater in Florida.
• E)Decreases in quantity demanded and quantity supplied often occur simultaneously.

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The extent to which a test, measurement, or study accurately reflects or assesses the specific concept it is intended to measure.

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