Question 4(Multiple Choice Worth 5 points)
(04.01 MC)
Which of the following statements about supply and demand is true?
At the market clearing price, product availability cannot meet customer demand.
O Demand for a product or service will increase when offered at lower prices.
O Raising or lowering the price of a product or service makes its demand increase.
O The task of selling does not include determining the needs and wants of customers.