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:
- controlling the newspapers
- threatening to the journalists
- controlling the radio and TV stations
Explanation:
Once Mussolini gained power in Italy he was quick to assure that he strengthens his position, eliminate the opposition, and get the people on his side. In order to do this Mussolini used several tactics. First, the fascist took control of two thirds of the newspapers in the country, so they had direct say in what was going to be published. The fascists also gained control of the majority of the radio and TV stations in Italy, so again they had their own say what was going to be said and showed on them. The newspapers, radio stations, and TV stations that were not under direct control were constantly threatened and monitored, with the journalists having their lives at stake if they published something against the government.
"They were angry at German leaders for losing the war to the Allies" is the best way to sum up how German people felt about their nation after World War I.
