Which of the Following Statements Is True

question 12

Multiple Choice

Which of the following statements is true?

• A) A service enters the service provider role when it initiates contact with other services, including those that act as intermediaries.
• B) A service enters the service provider role when it initiates contact with intermediaries only.
• C) A service enters the service provider role when it is accessed by other service consumers, including intermediaries.
• D) A service enters the service provider role when it is accessed by intermediaries only.

---

Definitions:

Quantity Supplied

The total amount of a good or service that producers are willing and able to sell at a given price level, at a specific time.

Excess Demand

Occurs when the quantity demanded of a good or service at the current price exceeds the quantity supplied, often leading to upward pressure on prices.

Market Equilibrium

A state where the supply of goods matches demand, resulting in stable prices.

Market Equilibrium

Market Equilibrium is a state in which market supply equals market demand, meaning that goods supplied at a certain price are exactly matched by the goods demanded at that price.