Answer:
"Existing European Colonies"
Explanation:
The Monroe Doctrine, synthesized in the phrase "America for the Americans", was elaborated by John Quincy Adams and attributed to President James Monroe in 1823. It established that any European intervention in America would be seen as an act of aggression that would require intervention of the United States of America. The doctrine was presented by President Monroe during his sixth speech to Congress on the State of the Union. It was taken with doubts, at first, and then with enthusiasm. It was a decisive moment in the foreign policy of the United States. The doctrine was conceived by its authors, especially John Quincy Adams, as a proclamation by the United States of its opposition to colonialism in response to the threat posed by the monarchical restoration in Europe and the Holy Alliance after the Napoleonic wars.
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.
Yes I think it is considered an interest group
