Which Statement Is True

question 82

Multiple Choice

Which statement is true?

• A)The quantity demanded is determined by the quantity supplied.
• B)The quantity supplied is determined by the quantity demanded.
• C)The quantity demanded is determined by sellers and the quantity supplied is determined by buyers.
• D)None of these statements are true.

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Definitions:

Compliance

The action of conforming to a request, demand, or regulation, often driven by external pressures.

Resistance

The refusal to accept or comply with something, or the attempt to prevent something by action or argument.

Compliance

The act of conforming to or following rules, standards, laws, or requests made by authority figures or governing bodies.

Adherence

The act of sticking faithfully to a commitment, rule, or instruction.