A market is said to be in equilibrium if the supply and demand curve intersects.
<u>Explanation</u>:
A supply of a certain product meets the demand of that product i.e., if the "supply" and "demand" of the product is equal, then the market is at "equilibrium". The price corresponding to it is then called a market-clearing price or equilibrium price whereas the quantity is known as the equilibrium quantity. But this comes with two conditions of surplus and shortage when there is a change in the supply and demand curve. So, a market to be at equilibrium having an equilibrium price, it is always important that the supply meets the demand.
The war started off by the British and French having a border dispute that led to a seven year long global conflict. This war was won by the British, but by entering in this war, they went broke. In order to restore economic balance, they taxed the colonies. In the long run, this made the colonies fed up with the British demanding more money. This sparked the American revolution, and it also brought France and Spain into this as they were both bitter about the war and took any chance to weaken Britain.
Robert Oppenheimer was the United states physicist who directed the project at Los Alamos that developed the first atomic bomb.
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<u><em>Two main reasons for European exploration are faster routes to Asia— the source of spices and luxury goods. Another reason for exploration was spreading Christianity to new lands.</em></u>
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I'm on this topic right now
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by killing people with magic and taking it
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