The Interaction of Supply and Demand Explains

question 333

Multiple Choice

The interaction of supply and demand explains

• A) neither the prices nor the quantities of goods and services.
• B) both the prices and the quantities of goods and services.
• C) the quantities of goods and services but not their prices.
• D) the prices of goods and services but not their quantities.

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Definitions:

Bribing

Bribing is the act of giving or receiving something of value in exchange for some kind of influence or action in return, that the recipient would otherwise not offer.

Political Candidates

Individuals who are running for political office, seeking to be elected to represent the public in governmental bodies.

Balance of Payments

is a record of all financial transactions made between consumers, businesses, and the government in one country with those in other countries over a specific period.