Suppose That We Illustrate Demand and Supply with Quantity on the Horizontal

question 40

Multiple Choice

Suppose that we illustrate demand and supply with quantity on the horizontal axis and price on the vertical axis. Which of the following statements is false?

• A)Changes in exogenous variables are represented by shifts in the demand and/or supply curves.
• B)Changes in endogenous variables are represented by movements along the supply and/or demand curves.
• C)Price and quantity are the exogenous variables in this representation.
• D)The equilibrium is represented as the intersection of supply and demand curves.

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Definitions:

Sexually Promiscuous

Exhibiting or characterized by involvement in a variety of sexual relationships with little or no emotional commitment.

Contraceptives

Methods or devices used to prevent pregnancy.

Unmarried Teens

Refers to adolescents who are not legally married or in a marital-like relationship.

Sexual Fantasies

Imagined sexual experiences that arouse sexual desire, often involving scenarios not present in one's current sexual life.