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Rudik [331]
3 years ago
8

When the supply of a commodity exceeds the demand, prices generally rise. True False

History
1 answer:
olga nikolaevna [1]3 years ago
4 0
<span>It is false that prices rise when supply of a commodity exceed demand. It is a basic rule of supply and demand that when there is more demand for a product or commodity then there is supply the prices will rise, and vice versa. In other words, when there is more of something than people want, the price will fall, and when there is less of something than people want, the price goes higher.</span>
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<h3>What happened at the 1954 Hague cultural property convention?</h3>

The Hague Convention for the Protection of Cultural Property in the Event of Aggressive War is the first international convention that focuses only on cultural property protection in armed conflict. It was signed on 14 May 1954 in The Hague, Netherlands, and went into effect on 7 August 1956.

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