Which of the Following Statements Describes the Force That Drives

question 60

Multiple Choice

Which of the following statements describes the force that drives the distribution of resources (goods and services,labor,and money) in a free-enterprise economy?

• A)Prices for goods and services vary according to the changes in supply and demand.
• B)Supply and demand curves intersect at the point where supply and demand are not equal.
• C)Changing the price of a product does not alter the supply curve.
• D)The price at which the number of products that businesses are willing to supply is inversely proportional to the amount of products that consumers are willing to buy at a specific point in time.
• E)Businesses are willing to supply more of a good or service at higher prices because the potential for profits is higher.

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