7
QuizMultiple Choice

Elasticity and Incentives

Question 7 • (Galli)WCA 2221 Civics/Economics 1st nine weeks 26-27

Supply and demand coordinate to determine prices by working

Answer
A
together.
B
competitively.
C
with other factors.
D
separately.

Explanation

Supply and demand work together to determine the market price. Demand reflects what buyers are willing to pay, while supply reflects how much sellers are willing to offer; their interaction establishes the price. Therefore, the correct choice is “together.”

AI-written and checked against the verified answer.

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