The given question is incomplete as the group of choices are not given, required to answer the question. However, the group of choices for this question is as follows:
1) stable – if we are there we will stay there, unless outside forces change
2) unique – there is one and only one equilibrium, a property which follows from the “Law of Demand” and “Law of Supply”
3) self-enforcing – at higher prices there is downward pressure on price; at lower prices there is upward pressure on price – therefore if we are at some other price, we will be pushed toward the equilibrium price
4) All of the above statements are correct
Answer:
The correct answer is - option 4. all of the above statements are correct.
Explanation:
According to the model of the demand and supply, market equilibrium in the model of the supply and demand is the market where the balance between supply and demand is equal and due to equal demand and supply prices of a particular product is stable.
If there is an over-supply of products than the demand in the market the prices will go down, which results in higher demand. At higher prices there is pressure on the price to move downward; at lower prices, the pressure would be upward.
Thus, the correct answer is - option 4. all of the statements are correct
Answer:
If a parent sees a little girl consoling her teddy bear and says “what a kind girl you are,” this is rewarding for the child and makes it more likely that she will repeat the behavior. Her behavior has been reinforced (i.e., strengthened). Reinforcement can be external or internal and can be positive or negative.
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Answer:
is that a trick question because in Ny in this past election you didnt need any poof of identification which is scetchy a f i know that for a fact put usually you would have to be registered to vote then you need a proof of identification
Explanation:
Answer:
The Inca Empire, also known as the Incan Empire and the Inka Empire, was the largest empire in pre-Columbian America.
The administrative, political and military center of the empire was located in the city of Cusco.
The Inca civilization arose from the Peruvian highlands sometime in the early 13th century.
Explanation:
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