In Deductive Reasoning, If the Major and Minor Premises Are

question 27

Multiple Choice

In deductive reasoning, if the major and minor premises are true, then the conclusion

• A) may be true.
• B) is necessarily true.
• C) must be subjected to empirical study before its truth or falsity can be determined.
• D) none of these are true.

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Definitions:

Supply Curves

Supply curves graphically represent the relationship between the price of a good or service and the quantity of that good or service that suppliers are willing to sell.

Demand And Supply

The fundamental economic model that explains how prices are determined in a market, based on the desires and capabilities of buyers and sellers.

Equilibrium Level

The state where market supply and demand balance each other, and, as a result, prices become stable.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price.