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: Yes. We were better over time but we became a poor country until people from all over the world started coming to seek a free country with a right of free religion. Then by the 1800's the US was becoming one of the richer country's across the world.
I believe that the answer to this question would be when the Parliament confirmed the Act in December 1969
The answer would be December 1969
Jimmy Carter is known to be an American politician as well as the 39th President of the United States. During his presidential campaign, he asked the Americans to cast their votes for him for the reason that he could restore that faith of the Americans in their government after the incident of Watergate scandal. The answer is option D.
Missing choices:
A. It created a system of dual governance in Florida.
B. It represented the completion of Manifest Destiny.
C. It began the decline of Spain's New World empire.
D. It allowed the United States to develop Florida's resources.
Answer:
D. IT ALLOWED THE UNITED STATES TO DEVELOP FLORIDA'S RESOURCES.
Under this treaty, the United States was able to acquire Florida from Spain.
