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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