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.
Answer:
c
Explanation:
they had to agree to give all freedmen the right to vote
People typically were keener to listening to white people, so seeing white people support the movement had them more persuaded,
Answer:
Taking into account that these are the alternatives:
A. Fostering efficiency in the workplace
B. Promoting business monopolies
C. Creating economics reform
D. Protecting social welfare
The correct option is B. Promoting business monopolies
The objective that progressivism had was essentially to give the power of the government to the people. It also wanted to change american lifestyle by eliminating injustice. The progressive movement also cared for different points, such as women rights, environmental issues and social welfare.
At first, Caesar lived under an aristocratic republic, where a small group of rich and influential men controlled the government and most positions of power. But after Caesar defeated the Pompeians in the civil war, he converted it into an autocratic dictatorship, with himself elected as the dictator for life.
