-Statement I.The definition of economics is that equilibrium is when supply and demand are equal.
Statement II.Human wants are limited because our resources are limited.
A)Statement I is true and statement II is false.
B)Statement II is true and statement I is false.
C)Both statements are true.
D)Both statements are false.

Question

-Statement I.The definition of economics is that equilibrium is when supply and demand are equal.
Statement II.Human wants are limited because our resources are limited.
A)Statement I is true and statement II is false. 
B)Statement II is true and statement I is false. 
C)Both statements are true. 
D)Both statements are false.

Quizplus · Accepted Answer

The Answer of 
-Statement I.The definition of economics is that equilibrium is when supply and demand are equal.
Statement II.Human wants are limited because our resources are limited.
A)Statement I is true and statement II is false. 
B)Statement II is true and statement I is false. 
C)Both statements are true. 
D)Both statements are false.