Which of the Following Statements Is True

question 13

Multiple Choice

Which of the following statements is true?

• A)To an economist, demand is a synonym for  quantity demanded .
• B)A demand schedule is the numerical tabulation of the law of demand.
• C)A demand curve is the graphical representation of the direct relationship between price and quantity demanded.
• D)A demand curve is the graphical representation of the direct relationship between price and quantity supplied.

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Definitions:

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Boundaries set by law that determine what is permissible or impermissible in society, often enforced by judicial or law enforcement agencies.

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The act of formally expressing one's choice or opinion in a decision-making process, typically in elections or referendums.

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The middle-class segment, particularly those with capitalistic interests and values, in a society.

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A governance philosophy where governmental powers are restricted by law or a constitution, typically to protect citizens' freedoms.