Which of the Following Statements Is True

question 66

Multiple Choice

Which of the following statements is true?

• A)Endogenous changes to demand and supply curves cause them to shift.
• B)Exogenous changes can never affect both the demand and supply curves.
• C)Exogenous changes can sometimes affect both the demand and supply curves.
• D)Movement along a demand curve means that only an endogenous factor is changing.

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Definitions:

Basic Assumption

A fundamental belief or principle that is accepted as true without need for proof, underlying the basis of an argument or theory.

Material Effect

An impact significant enough to influence a decision, outcome, or valuation, often used in legal and financial contexts.

Rescind

means to revoke, cancel, or repeal a contract, decision, or agreement.

Future Transactions

Predicted or planned financial dealings that will take place at a later date.