<span>In China the initial ports were opened to British traders in 1842 following China's defeat in the Chinese-British trade conflict known as the first Opium War (1839–42); the treaty port system began in Japan in 1854 after Commo.
im guessing this is a true or false question
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Answer:
the current price is below the equilibrium price.
Explanation:
At this point where quantity demanded (2,000 units) is greater than quantity supplied (1,000) units, then there is shortage in the market, which means, the current price/ market price is below the equilibrium.
Price equilibrium is a term that describes the point at which the quantity supplied equals quantity demanded. It is represented on a graph, where the curve of demand quantity intersects with supply quantity.
Explanation: When Barack Obama was elected president in 2008, he became the first African American to hold the office. The framers of the Constitution always hoped that our leadership would not be limited to Americans of wealth or family connections. Subject to the prejudices of their time—many of them owned slaves—most would not have foreseen an African American president. Obama’s father, Barack Sr., a Kenyan economist, met his mother, Stanley Ann Dunham, when both were students in Hawaii, where Barack was born on August 4, 1961. They later divorced, and Barack’s mother married a man from Indonesia, where he spent his early childhood. Before fifth grade, he returned to Honolulu to live with his maternal grandparents and attend Punahou School on scholarship.
In his memoir Dreams from My Father (1995), Obama describes the complexities of discovering his identity in adolescence. After two years at Occidental College in Los Angeles, he transferred to Columbia University, where he studied political science and international relations. Following graduation in 1983, Obama worked in New York City, then became a community organizer on the South Side of Chicago, coordinating with churches to improve housing conditions and set up job-training programs in a community hit hard by steel mill closures. In 1988, he went to Harvard Law School, where he attracted national attention as the first African American president of the Harvard Law Review. Returning to Chicago, he joined a small law firm specializing in civil rights.
hope i helped :)
Answer:
C. When the price of a good increases, its demand decreases.
Explanation:
The law of demand is one of the most fundamental concepts in economics, according to which the demand varies inversely with the price of a product. This means that, if the price of a good increases, its demand decreases. For example, if someone wants to buy bottled water, they are more likely to buy more bottles if they are cheaper.
