Which of the Following Statements Is Correct

question 147

Multiple Choice

Which of the following statements is correct?

• A)When supply increases, the quantity decreases and the price rises.
• B)When supply decreases, both the price and the quantity decrease.
• C)When demand decreases, the price rises and the quantity decreases.
• D)When demand increases, both the price and the quantity increase.

---

Definitions:

Free-floating Problems

Issues or concerns that are not directly tied to specific situations or contexts, often making them more difficult to address or solve.

Handles Complaints

The process or person responsible for addressing and resolving grievances or concerns raised.

Action Plans

Detailed strategies outlining steps necessary to achieve specific goals or objectives, typically including timelines, resources, and responsibilities.

Recommended Solution

An advised course of action or remedy, often resulting from analysis or consultation, aimed at solving a specific problem or addressing a particular challenge.