They were classified into four social classes: the king and aristocracy, the military, artisans and craftsmen, and peasants. Members of the aristocracy were the most respected social class, and were responsible for governing smaller areas of the dynasty.
Railroad industry which now had laws Government conduct
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: B.) Fifth Amendment
Explanation: Google search.
The goals of freedom, equity, and self-government vital to American majority rules system is on account of they are the center beliefs of American vote based system. Despite the fact that American majority rules system has developed after some time, is as yet changing, Americans still take a gander at these goals while molding the just test.
