All answers are correct except C. Since the US is a market economy, they are not set by the government. They act as signals to buyers and sellers by showing the sellers how much they should price their own products and show buyers how much value the product is. It also an indicator of the quality of a product because if it is more expensive, then the cost to make is able to make it more high quality (this is not always the case but generally). And lastly, it lets you know how much an item costs (no brainer). For me, the best answer would probably be A. act as signals to buyers and sellers
In the supply curve and the demand curve, the equilibrium is reflected where the two curves intersect.
<u>Explanation:</u>
Equilibrium is fundamentally the condition in which the factors involved in the operation achieve balance of values with respect to each other. In the discipline of market economics, two major factors involved are that of supply and demand.
The equilibrium between supply and demand is achieved when the demand for a commodity or a service in the market is equal to the supply of the respective commodity or service.
When represented graphically, the condition of equilibrium is depicted through the intersection of the demand and supply curves.
Answer:
its 35 miles per day
Explanation:
25, and 50 is wrong. its also day, not hour. so second option.
<span>The Third Amendment keeps soldiers from taking someone's home during peace time without the owner's consent. It also does the same during times of war as long as the rules of law are followed.</span>
