1) When the supply and demand curves intersect, the market is in equilibrium. This is where the quantity demanded and quantity supplied are equal.
2)The corresponding price is the equilibrium price or market-clearing price, the quantity is the equilibrium quantity.
3) goods brought on by fads
4) Because supply shock is a sudden change of a good. Meaning if it is a negative shock, the equilibrium price and quantity of course will go down. And if it is a positive shock, vice versa of negative.
5) consumers are able to pay more so they can buy a product when rationing makes it unavailable
<span>About 12.5 million slaves had been shipped from Africa.
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Answer:
The correct answer is the catholic church was interested in gaining new converts to the religion. The exploration of the New World by Europeans countries was heavily influenced by religion. ... Spain, a predominantly Catholic country, saw exploration as a new way to increase the amount of Catholics on a global scale.
Explanation:
i got it from the web
Calvinism is basically Protestantism, but since John Calvin played a huge role in Calvinism, it is named after him. The people who practiced Calvinism, often believed they were "chosen" by God to like on their life and do what they are told. They thought that God had picked them to make a perfect Christian community, as they had lived good and true lives so they were hand chosen by God himself. They trusted in the fact that if they did this and created a pure Christian community, while living a happy life with no sin, they would earn salvation from God.
Answer:
The Puritans in Massachusetts Bay believed in a separation of church and state, but not a separa- tion of the state from God. The Congregational Church had no for- mal authority in the government. Ministers were not permitted to hold any government office. ... Puritan lawmaking touched all aspects of life.
