Which of the Following Statements Is False

question 86

Multiple Choice

Which of the following statements is false?

• A)The supply and demand model serves to illustrate market behavior.
• B)Supply and demand must be combined for either to be useful in explaining and predicting market behavior.
• C)Supply illustrates the behavior of firms in a market.
• D)Demand illustrates the behavior of consumers in a market.
• E)Market equilibrium is not an important element of the supply and demand model.

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Definitions:

Double Taxation

A taxation principle referring to income taxes paid twice on the same source of earned income, it can occur when income is taxed at both the corporate level and personal level.

Corporation

A legal entity that is distinct and separate from its owners, capable of owning property, incurring debt, and being sued or suing.

Stockholder

An individual or entity that owns shares in a publicly traded corporation, making them partial owners of the company.

B Corporation

A B Corporation is a certification for businesses that meet high standards of social and environmental performance, accountability, and transparency.