All but which ONE of the following statements is true about demand and supply?

Social Studies

1 answer:

Pachacha [2.7K]4 years ago

8 0

Answer:

b) They are the two sides of each market transaction.

Explanation:

Actually, there is one more factor that influence market transaction beside supply and demand.

That third factor is called Regulation.

Regulation act as some sort of intermediary that ensure no sides have more power over the other.

For example, government regulation can create price ceiling for every market transaction. Price ceiling set a maximum limit of price that the sellers can impose to their product. This will protect the buyers from being overly exploited.

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