Answer:
BEANSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS
Explanation:
<span>Religious beliefs have
highly influenced the political and hierarchical structures in both Ottoman and
Safavid Persia empires. Although both states were of Islamic religion, they
belonged to different branches, Sunni and Shia. These branches differ over the
choice of Muhammad's successor, which subsequently acquired broader political
significance, as well as theological and juridical dimensions. Sunni Muslims
believed that Muhammad didn’t clearly appoint a successor, which is why there
isn’t hereditary succession law in Ottoman Empire. This contrasts with the Shia
Muslims view, which holds that Muhammad appointed his son-in-law and cousin Ali
ibn Abi Talib to succeed him. They believed that the empire should be led by
direct successor of Muhammad’s line. Differences between these two branches
affected the politics, as Shia Muslims weren’t religiously tolerant to other
confessions and considered them for heretics, even the other branches of Islam.
This resulted in the besieged of Bagdad, which was followed by the massacre of
a large part of its Sunni Muslim inhabitants, as it was endeavored to transform
Baghdad into a purely Shiite city. The besiege of Bagdad was the event that led
to the Ottoman-Safavid war (1623–1639).</span>
The economy operates according to the law of supply and demand for goods and services. According to this theory, the interaction between supply and demand for a good or service fits and the vector of adjustment is price.
If the price is high, there is more supply than demand. If the price is low, there is more demand than supply. If demand increases, price increases and supply increases. If demand falls, the price falls. That is, the price makes the interaction. There will be a moment where the quantity offered is exactly equal to the quantity demanded, at which point the price practiced is the equilibrium price.
So if an economy is in equilibrium at a time and then the price charged is higher than the equilibrium price, it means that demand has gotten higher than supply.
<u>However, none of the alternatives would explain why a price is charged above the equilibrium price.</u> <u>The answer is the reverse of what is written in alternative (A)</u>. The truth is this: As the quantity demanded rises, the price rises above the equilibrium price. <u>This is the answer</u>.
The alternative (B) is true, although it does not answer the question of the problem. If prices rise, demand falls. This is because the high price discourages consumption.
BTW, I'm an economist and I'm sure.
I can be called 1/10 of the stick or 10% or a millimeter. Anyone represents a part of the whole
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