The intersection between the upward sloping function (the supply curve) and the downward sloping function (the demand curve) is the equilibrium price of the market, the point at which the wishes of consumers and suppliers meet.
The graph described should be like the one attached. The example includes the demand and supply curves and the equilibrium price of a market of agricultural products.
When the economic authorities set a minimum price (also called price floor), above the equilibrium price there is a situation of excess supply.
- Producers are willing to produce a larger quantity in the price floor scenario, as they will earn a higher price per unit commercialized.
- Consumers are willing to consume a smaller amount of product units at a more expensive prices.
The wishes of producers and consumers do not meet in the price floor situation, the quantity supplied is larger than the quantity demanded and therefore there is an excess supply.
The correct answer to this open question is the following.
The intended consequences decision was the following.
I was very aware that if I committed myself to study and work hard, I had a real chance to overcome my bad situation in school, and I could change the wrong perception my teachers had about my behavior. I knew I had to show a totally different picture of me and my work, as the kind of attitude I show at the beginning of the semester.
The decision I made that had unintended consequences was when I decided to work last summer in a fitness club as a clerk, just to make a few extra dollars and not stay at home being lazy. The unindented consequence was that the company was in the marketing and promotion period and they thought that I could be part of the marketing and advertising campaign, participation in some of the promotional videos. Just by working there and being a dedicated employee, they invited me to do some advertising and I ended up earning some more money that I invested to pay school.
D. Launching a filibuster
Filibustering has long been a source of outside interest for the US Senate. Traditionally, 60 votes or a "supermajority" are needed to vote to end a filibuster. In 2013, Sen. Harry Reid pushed for an amendment that would require only a simple majority when it came to judicial and executive branch nominees (the Senate's Advise and Consent role) and the Republicans recently expanded this to the Supreme Court.
Answer:
The countries that have benefited from the use of mircocredit + why.
Explanation:
Four examples are Benin, Rwanda, Senegal, and Tanzania. They have benefited because microcredit, or microfinance, because it is the lifeline of low-income earners which those countries are full of.
Healthy ecosystems clean our water, purify our air, maintain our soil, regulate the climate, recycle nutrients and provide us with food. They provide raw materials and resources for medicines and other purposes
