Question

The interaction of supply and demand

explains

A) both the prices and the quantities of

goods and services.

B) the quantities of goods and services

but not their prices.

C) the prices of goods and services but

not their quantities.

D) neither the prices nor the quantities

of goods and services.

​

Answer 1

Answer:

The law of supply and demand is a theory that explains the interaction between the sellers of a resource and the buyers for that resource. ... Generally, as price increases, people are willing to supply more and demand less and vice versa when the price falls. or  A