Final answer:
The statement that globalization has created more choice in the market and more variety in supply and demand is true. Globalization and technological advancements have broadened competition and increased the diversity of products available to consumers.
Step-by-step explanation:
Globalization has indeed created more choice in the market and therefore more variety in supply and demand. This is true because globalization, alongside advancements in technology, has increased market competition and provided customers with access to a more diverse array of products and services from around the globe.
In recent decades, shifts centred on technology and globalization have allowed businesses to compete on a global scale and have also given consumers the ability to order products from any country, increasing the variety of goods available in the market.
The internet has been a key facilitator in this transformation, enabling so-called "business-to-business" websites that connect buyers and suppliers internationally. As a result, local businesses face higher levels of competition, which benefits consumers with more options to choose from.