In Which of the Following Statements Are the Terms Demand

question 131

Multiple Choice

In which of the following statements are the terms demand, supply, quantity demanded, and/or quantity supplied used correctly?

• A) Changes in demand and supply cause changes in the equilibrium price.
• B) If the demand rises, supply rises.
• C) Oranges are cheaper in Florida and therefore the demand is greater in Florida.
• D) When the quantity demanded exceeds supply, the equilibrium price will rise.
• E) All of these

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Definitions:

Neutrons

Subatomic particles found in the nucleus of an atom with no electrical charge and a mass roughly equal to that of protons.

Protons

Positively charged particles located within an atom's nucleus, contributing to the atom's mass and defining the element's atomic number.

pH Scale

A scale used to specify the acidity or basicity of an aqueous solution, ranging from 0 to 14.

Hydrochloric Acid

A strong, corrosive acid that is a component of gastric juice in the stomach, aiding in digestion and sterilizing ingested food.