Which of the Following Statements Is True of the Relationship

question 29

Multiple Choice

Which of the following statements is true of the relationship between a commodity's supply and demand?

• A) If the supply of a commodity decreases,the price of the commodity decreases.
• B) Strong demand of a commodity will lead to price drops.
• C) Oversupply of a commodity will result in price drops.
• D) If the demand for a commodity decreases,the price of the commodity increases.

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Definitions:

Enhances Diversity

Improves the variety of thought, experience, and background among a group or organization's members, contributing to innovation and inclusivity.

Effectively

In a manner that produces the intended result or a successful outcome.

False Assumption

An incorrect belief or premise that may lead to erroneous conclusions or actions.

Same Characteristics

Qualities, attributes, or features that are identical or very similar between entities.