The given question is incomplete as the group of choices are not given, required to answer the question. However, the group of choices for this question is as follows:
1) stable – if we are there we will stay there, unless outside forces change
2) unique – there is one and only one equilibrium, a property which follows from the “Law of Demand” and “Law of Supply”
3) self-enforcing – at higher prices there is downward pressure on price; at lower prices there is upward pressure on price – therefore if we are at some other price, we will be pushed toward the equilibrium price
4) All of the above statements are correct
Answer:
The correct answer is - option 4. all of the above statements are correct.
Explanation:
According to the model of the demand and supply, market equilibrium in the model of the supply and demand is the market where the balance between supply and demand is equal and due to equal demand and supply prices of a particular product is stable.
If there is an over-supply of products than the demand in the market the prices will go down, which results in higher demand. At higher prices there is pressure on the price to move downward; at lower prices, the pressure would be upward.
Thus, the correct answer is - option 4. all of the statements are correct
Answer:
The results of studies showing that cats improve the health of their owners.
Interstate highway system, Hartsfield-Jackson Atlanta International Airport, and the deepwater ports of Savannah and Brunswick.
Answer:
I believe its choice a because it's the only one that makes sense according to process of elimination
The correct answer that would best complete the given statement above would be RACIAL DISPARITIES. <span>Widespread adoption of intermediate sanctions may further exacerbate racial disparities in prison populations. Intermediate sanctions is defined as </span><span>new punishment options developed to fill the gap between traditional probation and traditional jail or prison sentences </span>Hope this answers your question. Thanks for posting it.
