Which of the Following Is Correct with Respect to the Issue

question 193

Multiple Choice

Which of the following is correct with respect to the issue of supply and demand?

• A) A demand curve shows that consumers usually demand products of higher quality.
• B) A supply curve shows that businesses will supply more units of a product, but will lower the level of product quality.
• C) It is difficult to achieve an equilibrium price.
• D) When the quantity demanded exceeds the amount supplied, businesses shut down.
• E) None of the statements are correct.

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Definitions:

Canyon

A deep gorge, typically with a river flowing through it, carved over time by the erosion of water and weathering processes.

Base Level

Base level is the lowest point to which a stream or river can erode its channel, often defined by the body of water into which it flows.

Base Level

The lowest point to which a stream or river can erode its channel, often determined by the body of water into which the river flows, such as an ocean, lake, or larger river.

Subsidence

The process by which the earth's surface sinks or lowers, often due to natural underground material movement or removal of groundwater.