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The following statements about price, demand and supply are either true or false. Indicate where appropriate
STATEMENT
True
False
1.Price is the amount of money paid in exchange of goods and services.
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2.Demand is the amount product or service that consumers can to purchase at a particular price.
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3.Supply is the selling of goods or services to urban population.
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4. Demand is a want or a desire of a commodity.
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5. Supply is the quantity of goods or services which producers are willing to sell at a specified price in a given market.
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