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.
Answer:
D. to provide the government with the power necessary to control the
citizenship
Explanation:
The correct answer is:
Law enforcer of the Western Hemisphere was the role of the United States as envisioned by the Roosevelt Corollary to the Monroe Doctrine.
The Roosevelt Corollary, consistent with his Big Stick Diplomacy, was written in 1904 after the Venezuela Crisis of 1902–03, as an addition to the Monroe Doctrine.
It stated that the US would intervene in conflicts between European and Latin American countries to enforce legitimate European claims, instead of having them pressing their claims directly.
Answer:
From 1948 through the 1990s, a single word dominated life in South Africa. Apartheid—Afrikaans for “apartness”—kept the country’s majority black population under the thumb of a small white minority. It would take decades of struggle to stop the policy, which affected every facet of life in a country locked in centuries-old patterns of discrimination and racism. The segregation began in 1948 after the National Party came to power. The nationalist political party instituted policies of white supremacy, which empowered white South Africans who descended from both Dutch and British settlers in South Africa while further disenfranchising black Africans.
PS. Can you mark brainliest???
