Answer:
Two of these laws are the Sugar Act and the Tea Act. The Sugar Act (1764) was a tax passed by the British to pay for the Seven Years War, called the French and Indian War in America. It taxed sugar and decreased taxes on molasses in British colonies in America and the West Indies. The British Parliament passed the Tea Act in May 1773. It reinforced a tea tax in the American colonies. The act also allowed the British East India Company to have a monopoly on the tea trade there. This meant that the American colonists were not allowed to buy tea from any other source.
Explanation:
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:
Explanation:
the Declaration of Independence
Declare sovereignty in a document, such as the Declaration of Independence is a way for a state to achieve international sovereignty.
Answer: The new press could print at a much quicker pace.
Because pamplets could be made quickly and cheeply and literature was printed in the local language instead of Latin.
So basically, the language Latin pressed help to spread ideas, discoveries, and inventions to countries or the world if they need help, or to confirm that this was a good idea.
Hope this helps :)
