Which of the following statements is true of any market?
A) The interaction of demand and supply determines the price and quantity in that market.
B) There must be a supply of the item but not necessarily a demand for the item.
C) Demand and supply are always equal for an item.
D) There must be a demand for the item but not necessarily a supply of the item.
E) The market will always be in equilibrium.
Correct Answer:
Verified
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