All of these statements about the enlightment and acient scholars are correct except the last one
Answer:
August 18, 1920: Women win the right to vote
After a 72-year-long fight, the 19th Amendment finally passed. On August 18, 1920, women's suffrage was ratified, granting women the right to vote in the U.S.
OR
resulted in passage of the Nineteenth Amendment to the U.S. Constitution, which finally allowed women the right to vote.
The correct answer is: Capitalism is a system in which goods are made by private businesses, but socialism stresses government control over production.
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.
