Question
9. What economic concept is best described in the quote below?
Use the passage to answer the question: "During World War I, the government encouraged farmers to grow more cotton and wheat for the war effort. . . . After the war, as demand for cotton and wheat fell, agricultural prices dropped."
*
1 point
A. urbanization
B. unemployment
C. supply and demand
D. free enterprise system
Use the passage to answer the question: "During World War I, the government encouraged farmers to grow more cotton and wheat for the war effort. . . . After the war, as demand for cotton and wheat fell, agricultural prices dropped."
*
1 point
A. urbanization
B. unemployment
C. supply and demand
D. free enterprise system
Answers
GPT 3.5
C. supply and demand