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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Definitions:

Negotiators

Participants engaged in negotiations with the goal of coming to a consensus.

Outcomes

The results or consequences of an action, decision, or process, which can be measured to determine success or failure.

Language Intensity

The degree of strength or forcefulness in the manner of expressing language.

Strong Feelings

Intense emotions that can significantly influence an individual's thoughts and behaviors.