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14 May, 03:25

Which of the following is a correct statement regarding supply and demand? A. Supply and demand have a direct relationship. B. Supply and demand have an indirect relationship. C. Price effects supply and demand the same way. D. Demand is based on supply.

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  1. 14 May, 04:37
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    B) Supply and demand have an indirect relationship.

    Explanation:

    The demand for a good or service has an inverse relationship with the price of the good or service, i. e. as the price increases, the quantity demanded decreases. The supply of a good or services has a direct relationship with the price, i. e. as the price increases, the quantity supplied increases.
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