Which of the Following Statement Is Correct

question 13

Multiple Choice

Which of the following statement is correct?

• A)Footpaths are particularly provided in the case of urban roads.
• B)Footpaths are 15 cm to 20 cm higher than the road surface.
• C)Shoulders are generally in level with road surface, having a slope towards the drain side.
• D)all of the above

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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.