The ________ Statement Executes One Statement, or Block of Statements

question 27

Multiple Choice

The ________ statement executes one statement, or block of statements, if a condition is True and skips it, doing nothing, if the condition is false.

• A) if
• B) if/else
• C) if/else if
• D) switch
• E) if/endif

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Definitions:

Excess Demand

A situation in a market where the quantity demanded of a good or service surpasses the quantity supplied at the current price, leading to upward pressure on prices.

Market Equilibrium

The state in which market supply equals market demand, and prices have no tendency to change, assuming all other factors remain constant.

Excess Supply

A situation in which the quantity of a good or service provided exceeds the quantity demanded at a given price.

Market Equilibrium

A state where the supply of a product matches its demand, resulting in stable prices.