Supply and Demand Quiz

• The relationship between income and wealth inequality
• The relationship between supply and demand
• The relationship between production and opportunity cost
• The relationship between inflation and unemployment (correct)

• The relationship between income and wealth inequality (correct)
• The relationship between supply and demand
• The relationship between production and opportunity cost
• The relationship between inflation and unemployment

• It illustrates the concept of trade-offs in production
• It shows the trade-off between inflation and unemployment
• It analyzes how changes in income impact the quantity and types of goods and services individuals consume (correct)
• It measures income or wealth inequality within a society