Which of the Following Statements Is Assumed to Be True

question 45

Multiple Choice

Which of the following statements is assumed to be true of a market?

• A) In a market, the demand and supply curves intersect only at one point.
• B) The quantity supplied in a market falls when the price of the good increases.
• C) Since demand and supply curves intersect, a market will always be in equilibrium.
• D) When the market price of the good falls, the demand curve shifts to the right.

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