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:

Forecasting

Forecasting involves making predictions about future events or trends based on current and historical data analysis.

Stakeholder Audit

An evaluation process that identifies and assesses the interests and influences of individuals or groups that have a stake in the outcomes of a project or company.

Evaluating Alternatives

The process of critically examining different options or courses of action to determine their potential effectiveness in achieving a desired outcome.

Making a Decision

The process of selecting a course of action from several alternatives.