Which of the Following Is True of the Interaction of Supply

question 356

Multiple Choice

Which of the following is true of the interaction of supply and demand?

• A) As the price increases, the quantity demanded and the quantity supplied will increase.
• B) As the price increases, the quantity demanded and the quantity supplied will decrease.
• C) As the price increases, the quantity demanded increases and the quantity supplied will decrease.
• D) As the price increases, the quantity demanded will decrease and the quantity supplied will increase.
• E) As the price increases, neither the quantity demanded nor quantity supplied will change.

---

Definitions:

Reactivity

The phenomenon where subjects alter their behavior due to knowing they are being observed or part of a study.

Assessment Procedure

Methods and techniques used to evaluate the skills, abilities, attitudes, or characteristics of individuals or groups.

Operationalize

The process of defining how a concept or variable will be measured and assessed in a specific research context.

Construct

An abstract concept or idea that is chosen for study, usually representing phenomena that are not directly observable.