The answer depends on a crucial information that it is not provided, the purchasing power of those potential customers, but it still it is possible to reason how the demand and supply of membership would work.
- Surplus of memberships would take place when in the gym market there is a shortage of demand. This situation occurs when there are less customers willing to purchase the product at 45$ than the number of memberships that are available. To claim if this is the case in the example we would need to know the structure of the demand function in this market.
- Shortage of memberships takes place when in the gym market there is a excess of demand. The price is afforded by a number of customers which exceeds the amount of memberships available. Therefore, some rationing mechanism would be necessary to fix who will get the membership and who will not. Again, it would be necessary to know who the demand function works.
The Articles of Confederation were far too weak to meet the needs of the newly created United States because of the massive decentralization the Articles contained.
They did not give the government any right to tax the people, and had to ask the states for taxes, and the states were not keen to pay them unless it benefited them. Often found were states not contributing to the pay of the Continental Army because it was not in their territory and defending them. This was also the reason Valley Forge was a disastrous winter for the Continental Army.
The Constitution fixed this by mandating budgets and making sure the states did in fact pay dues to the Gov't, later amended with (the supposed temporary) Federal income tax, starting after The Great War.
The other big failure is the lack of a requirement delegates be there, and the fact it requires every state to vote yes, an amendment to let the Confederation place import taxes to help pay the army was a washed failure because Rhode Island feared having their economy impacted horribly as they were so small they only had trade.
The New Constitution fixed this by making it so 3/4 of the states had to vote Aye to an amendment to the Constitution itself, and made the Federal Government itself handle passes legislation at it's own level with a majority rules, rather than all.
A four episode series from Extra History delve with a good amount of detail as to the Articles' other short comings, and what I elaborated on. Would strongly recommend a watch: https://youtu.be/C6rHSiN0vKk
The Age of Reason, as it was called, was spreading rapidly across Europe. In the late 17th century, scientists like Isaac Newton and writers like John Locke were challenging the old order. ... Europe would be forever changed by these ideas.
Answer:
During the period of 1200-1450, the Silk Toad trade networks and the trans- Saharan trade networks facilitated a flourishing trade in luxury goods across afro-eurasia
Explanation:
Answer:
As Saint Paul refers to all the People of the Trinity in his Second Letter to the Corinthians in his greeting, he both testifies to the confidence of the Church in the Trinity and relates the Trinity to the good works that should be practiced within the group.
