Answer: option (C). It says federal laws are superior to state laws.
Explanation: The supremacy clause of the constitution tells us that the federal laws is above the state laws. The farmers of the constitution included the supremacy clause in the constitution because they believed that the central government needed to have more power than the state government.
Article VI, paragraph 2 of the United State constitution declares that the constitution, laws, and treaties of the central government is supreme law of the land to which judges in every state are bound irrespective of what the state laws says. The law establish the federal law and the federal constitution supersede the state laws and state constitution. The law strictly prohibits the states from interfering with the central government constitution and government exercise that are exclusively entrusted to the central power.
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. A restaurant starts using margarine instead of butter because
butter becomes more expensive.
Explanation:
quizlet