Which of the Following Statements Is Correct

question 180

Multiple Choice

Which of the following statements is correct?

• A)prices change as soon as the demand for a good changes
• B)prices may take some time to change when demand for a good changes
• C)prices will shift by ten per cent in the short run and by more in the long run
• D)prices sometimes shift but most often they are fixed

---

Definitions:

Treatment Group

An experimental cohort receiving specific interventions or treatments in a research setting aimed at studying the efficacy of those interventions.

Group Culture

The shared values, norms, and practices that guide the behavior of members within a group, influencing how they interact and work together.

Heterogeneity

The quality or state of being diverse in character or content; having components or qualities that are different from each other.

Regulatory Mechanisms

The systems, rules, and procedures established to control, guide, or manage behaviors and processes within organizations or bodies.