The answer depends on a crucial information that it is not provided, the purchasing power of those potential customers, but it still it is possible to reason how the demand and supply of membership would work.
- Surplus of memberships would take place when in the gym market there is a shortage of demand. This situation occurs when there are less customers willing to purchase the product at 45$ than the number of memberships that are available. To claim if this is the case in the example we would need to know the structure of the demand function in this market.
- Shortage of memberships takes place when in the gym market there is a excess of demand. The price is afforded by a number of customers which exceeds the amount of memberships available. Therefore, some rationing mechanism would be necessary to fix who will get the membership and who will not. Again, it would be necessary to know who the demand function works.
The two statements that showed why the approval ratings of Donald Trump fell are:
- Americans believed he was slow to respond to the threat of the coronavirus.
- He lost conservative support by holding in-person rallies during a pandemic.
<h3>Who was Donald Trump?</h3>
He was a president of the United States. As a president he is one of the presidents to have been impeached in the country.
The way that he handled in the corona virus pandemic was one of the reasons that caused people to lose faith in his governance.
Read more on Donald Trump here: brainly.com/question/2114535
Answer:
I believe the correct answer is d. all of the above
<span> Muslims believe that God revealed holy books or scriptures to a number of God's messengers. These include the Quran (given to Muhammad), the Torah (given to Moses), the Gospel (given to Jesus), the Psalms (given to David), and the Scrolls (given to Abraham).</span>
