1) When the supply and demand curves intersect, the market is in equilibrium. This is where the quantity demanded and quantity supplied are equal.
2)The corresponding price is the equilibrium price or market-clearing price, the quantity is the equilibrium quantity.
3) goods brought on by fads
4) Because supply shock is a sudden change of a good. Meaning if it is a negative shock, the equilibrium price and quantity of course will go down. And if it is a positive shock, vice versa of negative.
5) consumers are able to pay more so they can buy a product when rationing makes it unavailable
The answer is C, coincidentally. A wouldn't be correct because similarly is when the other group agrees. Here, two groups are disagreeing. B would fit but it would not be the most logically connected word. C means when one group agrees on something but the other group disagrees more with the decision. D would fit but it would not because there is no direct contrast. Some teachers believe that school should start later in the year and parents believe that school starts earlier in the year. Therefore it can be concluded that C is the best-fit word to be placed in the blank.
<span>President Reagan responded slowly to the crisis while research funding increased under president bush.
hope it helps
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The answer is B, they practiced respecting & worshipping ancestors.
