Which statement is true?

A) The quantity demanded is determined by the quantity supplied.
B) The quantity supplied is determined by the quantity demanded.
C) The quantity demanded is determined by sellers and the quantity supplied is determined by buyers.
D) None of these statements are true.

Quantity Demanded

The total amount of goods or services that consumers are willing and able to purchase at a given price in a specific time period.

Quantity Supplied

The quantity of a product or service that suppliers are ready and capable of selling at a particular price during a certain timeframe.