Which of the Following Statements Is Correct

question 7

Multiple Choice

Which of the following statements is correct?

• A)Buyers determine supply,and sellers determine demand.
• B)Buyers determine demand,and sellers determine supply.
• C)Buyers determine both demand and supply.
• D)Sellers determine both demand and supply.

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Definitions:

Confederate States

The group of 11 Southern states that seceded from the United States in 1860-1861, leading to the American Civil War.

Presidential Campaign

The organized effort to secure the election of a candidate to the presidency of a country.

Slavery

A system where individuals are owned by others, deprived of personal freedom, and compelled to perform labor or services.

Declaration of Causes

A formal statement outlining the reasons for undertaking a particular action, often associated with political or military intent.