Which Pair of Concepts Is Related in the Same Way

question 7

Multiple Choice

Which pair of concepts is related in the same way that sex is related to gender? 

• A) unfixed is related to fixed 
• B) biology is related to psychology 
• C) old is related to new 
• D) complex is related to simple

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Definitions:

Equilibrium Price

The market price at which the quantity of a good supplied equals the quantity demanded, leading to a stable market situation.

Government Intervention

Actions taken by a government to affect the economy, which can include regulations, subsidies, tariffs, and more.

Equilibrium Price

The price at which the quantity of a good or service demanded equals the quantity supplied, resulting in no shortage or surplus.

Equilibrium Quantity

The quantity of goods or services sold and bought at the equilibrium price, where market supply equals market demand.