MCQOPTIONS
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| 1. |
Statements followed by some conclusions are given below.Statements:1. Demand and supply determine the prices of goods and services.2. When there are too many buyers, prices are pushed up and too many sellers push down prices.Conclusions:I. Buyers and sellers determine the prices.II. Price discovery is market driven.Find which of the given conclusions logically follows from the given statements.A. Only conclusion I followsB. Only conclusion II followsC. Both I and II followD. Neither I nor II follows |
| A. | A |
| B. | B |
| C. | C |
| D. | D |
| Answer» D. D | |