The Compound Criteria (Conditions) Are Created by Using Which of the Following

question 27

Multiple Choice

The compound criteria (conditions) are created by using which of the following two keywords?

• A) AND, OR
• B) AND, NOR
• C) OR, NOT
• D) NOT, ONLY

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Definitions:

Demand Determined

implies that the quantity and price of goods and services are decided by the consumers' demand or preferences in the market.

Equilibrium Price

The price at which the quantity of goods supplied is equal to the quantity of goods demanded.

Elastic

A characteristic of goods or services with demand that is significantly responsive to changes in price.

Value Of Land

The worth of a piece of land determined by its characteristics, location, and potential uses.