Answer: In accordance with the neoclassical economics, the monetary value of a commodity or service is considered as the price of the commodity in an open market. This value is generally determined by the forces of demand and supply , i.e the demand for the commodity relative to supply. Several neoclassical economist evaluate the value of a product or service with the price, irrespective of the market being competitive.
Explanation:
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The Senate and the House of Representatives are different because the Senate has the filibuster, where one member can block all activity, and the Senate has a rule that if 60 members agree, debate is stopped and the bill is voted on. The House of Representatives will give each side an equal amount of time for debate before voting on a bill.
I think you forgot to give the options along with the question. I am answering the question based on my knowledge and research. "Brown v. Board of Education of Topeka" is the <span>landmark Supreme Court case which ruled that segregation by race in public education was unconstitutional. I hope the answer helps you.</span>
Explanation:
Understanding the Demand Curve
The demand curve will move downward from the left to the right, which expresses the law of demand — as the price of a given commodity increases, the quantity demanded decreases, all else being equal.