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Refer to the Above Graph

Question 7

Multiple Choice

  Refer to the above graph.Which of the following statements is correct? A) Quantity demanded and quantity supplied are independent of price. B) Price and quantity demanded are directly related. C) Price and quantity supplied are directly related. D) Price and quantity supplied are inversely related. Refer to the above graph.Which of the following statements is correct?


A) Quantity demanded and quantity supplied are independent of price.
B) Price and quantity demanded are directly related.
C) Price and quantity supplied are directly related.
D) Price and quantity supplied are inversely related.

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