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ollegr [7]
4 years ago
13

Why were industrial and agricultural surpluses a problem for the US economy

Social Studies
1 answer:
gavmur [86]4 years ago
5 0
It was a disadvantage because the price would be lowered and the farmers could be having less pay. Farm land would be overused which could cause droughts
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What is the term used to describe the way the behavior of buyers and sellers affects the level of prices for goods and services,
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Answer:

The term used is "law of supply and demand".

Explanation:

The law of supply and demand is the term used to describe the relationship between buyers and sellers that results in changes in the price of products and services, without government interference.

This law states that when buyers look for the same product in large quantities, it means that there is an increase in demand and a decrease in supply, which makes the price of the product more expensive.

On the other hand, when buyers are looking for a product less, the demand is lower and the supply is higher, causing the price of that product to decrease.

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Because Reginald know that his friends will probably laugh at him, and he will lose value before them, that is why he decided not to act on such thoughts.

Social mirror is very important, because it gives us a better understanding of how people define us. It also gives us sound mind, and a thought that is not fixed to what you want, but what should be socially acceptable.

Social mirror has helped him to make a socially acceptable decision, instead of going naked down the street

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<em><u>FROM</u></em>

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