Answer:
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Explanation:
Answer:
encouraging the settlement of frontier lands.
Explanation:
The Northwest Ordinance, also known as the Ordinance of 1787, was a policy that established a governmental structure and the procedures to admit territories as a state in Union. The Ordinance also guaranteed equality to the newly states with the original thirteen states.
The Homestead Act of 1862 was an act passed by President Abraham Lincoln. The act granted Americans, including freed slaves, to claim public lands in the West for a small filing fee up to 160 acres. The landowners were required to build a home, farm the land, and make it a resident place for five years.
Therefore, both the acts were passed to encourage the settlement of frontier lands.
Answer:
The correct answer is a. the equilibrium quantity decreases, and the equilibrium price is unchanged.
Explanation:
A perfectly elastic demand is an extreme case in which quantity demanded falls to zero with any increase in price, and increases to infinity when price drops.
Now we have this relation clear, it is important to notice that the question is introducing a third variable, which is quantity supplied. When supply decreases, the price remains the same, since only at this price consumers buy the good. The only change that ocurred is related to the availability of the product in the market.
In a normal scenario, an elastic demand would respond to this decrease in supply, pushing the price up, since consumers are willing to pay more. But given that we assume that the demand is perfectly elastic, the price remains the same, otherwise demand would fall to zero.
This best illustrates the use a defense mechanism known as rationalization.
