Answer: It contributed to shortages of weapons and food.
Explanation:
As soon as the Civil War broke out, the President Lincoln ordered the Navy to blockade Southern ports so that they would not be able to get supplies from sympathetic nations.
The blockade had the desired effect because it contributed to shortages of weapons and food and ensured that the Union had significantly more resources to fight than the Confederacy did throughout the war.
Answer: buy the stock
Explanation:
Fair value refers to the price of an asset that's determined by the buyer and the seller. It's the worth of an asset. The market value is the price an an asset is sold in the marketplace.
By comparing the fair value and the market price, one can know if to invest in a asset or not. Since the fair value is more than the market price, then the should be bought.
Answer:
excess supply
Explanation:
If price is higher than equilibrium price, quantity demanded would fall while quantity supplied would increase. This is in line with the law of demand and supply
according to the law of supply, the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.
According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.
This accounts for why the supply curve is positively sloped.
