Answer:
Confucius and Taoism were coexisted in Chinese society for a long time. while advocated religious philosophies people tend to think them as same but there are crucial differences. while Confucius has entrusted the task of social issues, Taoism lays more stress on individual unfolding the meaning of life. Both religions have a vital role to play in Chinese society.
The price of ice cream to a new market creating short-run excess demand when weather causes the demand curve for ice cream.
<h3>Define short run demand .</h3>
A period of time during which only some aspects or variables can be modified since there is not enough time to modify the others. Short-run demand refers to actual demand, with its quick reaction to price changes, income volatility, etc. Various inputs are fixed and variable.
<h3>What is short-term demand, for instance?</h3>
A company like ABC, which can make 10 cars per day, can be an example of a short run. Due to increased demand throughout the season, ABC is looking to increase production to 15 vehicles per day by Utilising the available infrastructure.
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