Regarding Demand and Supply,which of the Following Statements Is NOT

question 17

Multiple Choice

Regarding demand and supply,which of the following statements is NOT correct?

• A) ​Demand and supply simultaneously determine equilibrium market price
• B) ​Demand expresses intentions,but supply does not
• C) ​Demand is a potential concept distinguished from the transactional even of "units sold"
• D) ​Supply is more like scenario planning for operations than for actual production
• E) ​all of the above statements are correct

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Definitions:

Nontariff Barrier

Any form of restrictive regulation or procedure other than tariffs that countries use to control the amount of trade across their borders, including quotas, embargoes, sanctions, and levies.

Export Quota

A government-imposed limit on the quantity of a specific good that can be exported over a given period, used to control trade balances.

Domestic Consumption

This term refers to the total amount of goods and services consumed within a country's borders, indicating the level of domestic demand.

Tariff

A tax imposed by a government on imported or exported goods.