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.
Because direct evidence was so scarce during the time of Ancient Greece, ancient historians had to rely heavily on story telling and embellishment, which that would never be tolerated with a modern historian.
2(20)=40
2(5)=10
1(1)=1
total of $51
$24.89+$18.95+$9.99= $53.83
$53.83-$51.00=$2.83
Making the correct answer A!
<u>Let's match each term with each definition</u>
- Kristallnacht - D. This night of the broken glass took place in Berlin in 1938 and consisted in a series of attacks against Jewish properties and synagogues conducted by the SA paramilitary forces related to the nazi party and by antisemitic civilians.
- Auschwitz - C. Auschwitz was the most infamous concentration camp, in fact it was a complex of concentration and extermination camps located in Polish soil when Nazi Germany occuppied Poland during WWII. One of those camps, Auschwitz-Birkenau was the main site where the Final Solution for the extermination of the Jewish people was conducted during the Holocaust.
- Nuremberg Laws - B. These were antisemitic and racist laws that were enacted in 1935 "for the Protection of German Blood and German Honour" . For example, marriages between German people and Jewish were forbidden.
- Nazi Propaganda Ministry - A. The Reich Ministry of Public Enlightenment and Propaganda was leaded by Joseph Goebbels with the aim of spreading and enforicng the nazi ideology in the German society.
The goals of the French Revolution was to write the constitution, ending the absolute power, protecting the individual rights and ending the class system.
<h3>What is French revolution?</h3>
French revolution took place in 1789 in order to make the political and the social changes in the France. It ended the rule of the emperor and the political powers went in the hands of the public. The revolution ended in 1799.
The revolution began because the Louis XVI increased the tax rate for the people of the lower classes. At that period of time french society was divided into 3 estates i.e. nobility, clergy and commoners. Clergy and nobility enjoyed several privileges.
Only the commoners were paying the taxes. Thus french revolution ended the absolute rule, writing a constitution, protecting individual rights and ended the class system.
Learn more about constitution here:
brainly.com/question/19411179
#SPJ1
