Refer to the Above Graph

question 7

Multiple Choice

Refer to the above graph.Which of the following statements is correct?

• A)Quantity demanded and quantity supplied are independent of price.
• B)Price and quantity demanded are directly related.
• C)Price and quantity supplied are directly related.
• D)Price and quantity supplied are inversely related.

---

Definitions:

Time

The indefinite continued progress of existence and events in the past, present, and future regarded as a whole.

History Effects

Events that occur outside the experiment which may affect participants' responses within the experiment.

Measurement Period

The specific duration or time frame during which data is collected or observations are made in a study.

Manipulation

The process of deliberately altering variables in an experimental setting to observe the effects on dependent variables.