Which of the Following Is True of Inductive Arguments

question 22

Multiple Choice

Which of the following is true of inductive arguments?

• A) If the conclusion of an inductive argument is true, then the premises must be true as well.
• B) If the premises of an inductive argument are all true, then the conclusion must be as well.
• C) If the premises of an inductive argument are all true, then the conclusion might still be false.
• D) Inductive arguments can be expressed in categorical syllogisms.

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Definitions:

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, leading to market balance.

Supply Curve

An illustration that demonstrates the correlation between a good or service's price and the amount made available in a specific period.

Demand Curve

A graph representing the relationship between the quantity of a good consumers are willing and able to purchase and the price of the good.

Supply

The total amount of a specific good or service that is available to consumers at a given price level in a given time period.