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EleoNora [17]
4 years ago
14

Equilibrium occurs when supply and demand coordinate to

History
2 answers:
Alona [7]4 years ago
8 0

Equilibrium occurs when supply and demand coordinate to:

(B) set prices and production.


Market equilibrium is achieved when supply and demand are equal. This would happen when prices and production are maintained at levels where demand and supply remain consistent. Economic theory proposes that there is a particular price for a product or service which brings demand and supply into balance, which economists term the equilibrium price. In typical markets, equilibrium is not achieved as a constant state of affairs. Rather, supply and demand will fluctuate around what would be the theoretical equilibrium price. If prices rise due to high demand, this signals producers to expand production to meet the demand for greater supply. If there is too much supply available, market prices will drop as suppliers work to sell their surpluses.

Fofino [41]4 years ago
5 0

Answer:

The answer is A

Explanation:

Because i noticed that they occurs when the supply is excess.

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Both English philosophers, Thomas Hobbes and John Locke, believed there is a "social contract" -- that governments came about as people chose to live under a government rather than in an ungoverned "state of nature."  But their theories on what the state of nature would be like and why people want to live under governments were very different.

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In teaching about Hobbes and Locke, I've often described the difference between them in this way.  If society were playground basketball, Hobbes believed you must have a referee who sets and enforces rules, or else the players will eventually get into heated arguments and bloody fights with one another, because people get nasty in competition that way.   Locke believed you could have an enjoyable game of playground basketball without a referee, but a referee makes the game better because then any disputes that come up between players have a fair way of being resolved.    Of course, Hobbes and Locke never actually wrote about basketball -- a game not invented until 1891 in America by James Naismith.  But it's just an illustration I've used to try to show the difference of ideas between Hobbes and Locke.   :-)

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