Which of the Following Is True About How the "Invisible

question 54

Multiple Choice

Which of the following is true about how the "invisible hand" influences economic activity through prices when a product has lower demand than supply?​

• A)​The price must decrease,causing more buyers to buy and less sellers to sell.
• B)​The price must decrease,causing more buyers to buy and more sellers to sell.
• C)​The price must increase,causing less buyers to buy and more sellers to sell.
• D)​The price must increase,causing less buyers to buy and less sellers to sell.

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Definitions:

Ergonomics

The study of people's efficiency in their working environment, primarily focusing on the design of equipment and systems that promote safety and comfort.

Machines

Devices or apparatus designed to perform a specific task, often powered by electricity or mechanical energy, to make work easier or more efficient.

Design

The process of planning and creating something with a specific purpose or intention, often involving artistic and functional considerations.

Psychiatrist

A medical doctor specialized in the diagnosis, prevention, study, and treatment of mental disorders.