The given question is incomplete as the group of choices are not given, required to answer the question. However, the group of choices for this question is as follows:
1) stable – if we are there we will stay there, unless outside forces change
2) unique – there is one and only one equilibrium, a property which follows from the “Law of Demand” and “Law of Supply”
3) self-enforcing – at higher prices there is downward pressure on price; at lower prices there is upward pressure on price – therefore if we are at some other price, we will be pushed toward the equilibrium price
4) All of the above statements are correct
Answer:
The correct answer is - option 4. all of the above statements are correct.
Explanation:
According to the model of the demand and supply, market equilibrium in the model of the supply and demand is the market where the balance between supply and demand is equal and due to equal demand and supply prices of a particular product is stable.
If there is an over-supply of products than the demand in the market the prices will go down, which results in higher demand. At higher prices there is pressure on the price to move downward; at lower prices, the pressure would be upward.
Thus, the correct answer is - option 4. all of the statements are correct
A nonprofit organization utilizes its surplus incomes to additionally accomplish its motivation or mission, instead of conveying its surplus pay to the association's shareholders as benefit or profits. Assignment as a not-for-profit does not imply that the association does not mean to make a benefit, but instead that the association has no "proprietors" and that the assets acknowledged in the operation of the association won't be utilized to profit any proprietors.
Answer:
"I see you, and I mean you no harm."
Explanation:
Erving Goffman was a sociologist and a social psychologist. He is considered as one of the most influential sociologist of America. His is well-known for the contribution to the social theory for his famous study of symbolic interaction.
He used symbolic interaction views to understand the society better by analyzing and understanding people's everyday behaviors and interaction.
In the context, according to Goffman's theory when two men crossing each other glances at each other and quickly passes silently conveys the message that both sees each other and they mean no harm to one another.
The Pilgrims and the Puritans established colonies in the New World to practice their religions freely.
The Pilgrim Fathers was an English religious group formed in the late sixteenth century that, being dissatisfied with the political-religious environment in their country, decided to emigrate to the New World in 1620.
The Pilgrim Fathers left the port of Plymouth (England) on the Mayflower ship on August 15, 1620 and, crossing the Atlantic Ocean, intended to reach the Jamestown colony -founded in 1607- but strong storms prevented it by pushing about 800 km further north, to Cape Cod, where they arrived on November 9 of the same year. Shortly after they founded Plymouth that would be the capital of the homonymous colony, which existed until 1691, year in which it was united with the Colony of the bay of Massachusetts forming the Province of the Bay of Massachusetts.
The Pilgrim Fathers were gathered together by the Calvinist puritanical church and took refuge from religious persecutions and from the political instability that existed in Europe.
