Explanation:laws passed to regulate the funding of political campaigns aim to limit the influence of campaign contributors, or in other words, C - so that candidates are not corrupted by those who donate money. Campaign finance reform laws were set as early as the early 1900s under President Theodore Roosevelt, but it was not until the 1970s that laws such as the Federal Election Campaign Act and later amendments required campaigns to disclose campaign contributions and put limits on these contributions. Efforts to minimize the influence of financial campaign contributions on political gain continue today.
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.
I think I remember it being tobacco.
He built a huge Mosque and made the city the capitol of the Kingdom of Persia. It's the third biggest city nowadays but at that time was a marvel and people from all over the world traveled there to witness the greatness of the city and in general of the Persian empire.
