Supply and Demand Effects farmers in various ways:
- Demand Increase: Price increases, Quantity increases.
- Supply Increase: Price decreases, Quantity increases.
- Demand Decrease: Price decreases, Quantity decreases.
- Supply Decrease: Price increases, Quantity decreases.
<u>Explanation:</u>
Supply and demand, as well as market prices, will rise and fall until they achieve a balance, which is called market equilibrium. As a response to decline the sales, farmers will have to lower the prices until the demand for product increases.
If a farmer set a price which is too high, thus the demand will decrease. If the market price is high, the interest of producers for a certain product or service will increase.
Answer:
1: A (True)
2: B (Federal System)
3: B (False)
4: B (False)
5: B (Directly or through elected officials)
Explanation:
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After WWI and during the Great Depression the US tried to be an Isolationist nation. They put out tariffs so people would buy US (forgetting that the rest of the world was still devastated by WWI (economies included)).
Answer:
Changing the clocks does not create extra daylight, but it causes the Sun to rise and set at a later time by the clock. So, when we spring forward an hour in spring, we add 1 hour of natural daylight to our afternoon schedule. Proponents of DST argue that longer evenings motivate people to get out of the house.
Explanation:
