D all 3 of them would be causes
The economy operates according to the law of supply and demand for goods and services. According to this theory, the interaction between supply and demand for a good or service fits and the vector of adjustment is price.
If the price is high, there is more supply than demand. If the price is low, there is more demand than supply. If demand increases, price increases and supply increases. If demand falls, the price falls. That is, the price makes the interaction. There will be a moment where the quantity offered is exactly equal to the quantity demanded, at which point the price practiced is the equilibrium price.
So if an economy is in equilibrium at a time and then the price charged is higher than the equilibrium price, it means that demand has gotten higher than supply.
<u>However, none of the alternatives would explain why a price is charged above the equilibrium price.</u> <u>The answer is the reverse of what is written in alternative (A)</u>. The truth is this: As the quantity demanded rises, the price rises above the equilibrium price. <u>This is the answer</u>.
The alternative (B) is true, although it does not answer the question of the problem. If prices rise, demand falls. This is because the high price discourages consumption.
BTW, I'm an economist and I'm sure.
The correct answer is C) Eugene Debs.
<em>The historical figure that you need to research to write a paper on the history of the Socialist Party of America is Eugen Debs.
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Eugen V. Debs (1865-1926) was a labor leader who was a permanent candidate of the Socialist Paraty for the presidency of the United States form 1900 to 1920. In 1893 he was the President of the American Railway Union. In May 1895, he was sent to jail for supporting a strike in the Chicago Pullman Palace Car Company.
The other options of the question should be a) Theodore Roosevelt, b) John Rockefeller, and d) Frank Norris.
The British thought colonists had to pay more taxes/cost for the French and Indian War. Parliament also wanted more control, so they did a series of acts (Coercive Act) that all ended into the Intolerable Act.
Hope that helped!
She began teaching school at age 14. In 1819, she returned to Boston and founded the Dix Mansion, a school for girls, along with a charity school that poor girls could attend for free. She began writing textbooks, with her most famous, Conversations on Common Things, published in 1824.
