If the price of a product is higher than the equilibrium, there will be a surplus.
Option: A
Explanation:
Market equilibrium is reached when demand and supply curve intersect means there is an equal balance between demand and supply of the product in market. When the price of a product is higher than the equilibrium there will be a surplus of the product.
When producer produced enough product in comparison with demand what will happen? Producer will obviously sell his product in lower prices to make his stock clear. And when he lowers the price of product it will create huge demand means surplus of the product in the market.
Answer:
Employment plays an important role in economic development by creating jobs and incomes which enable people to lift themselves out of poverty.
Explanation:
Employment plays an important role in economic development by creating jobs and incomes which enable people to lift themselves out of poverty. Increased in earnings of employee also leads to increase in rate of consumer spending which in turn benefits other businesses. This leads to development of economy.
The correct answer would be B!
Answer:
1. Can lead to instability in local markets
2. Damages buildings, making businesses have to close down
hope this helps! <3
