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.
The Bill of Rights is apart of the constitution, whereas the democratic party and political parties are not mentioned in the constitution. I would go with political parties since they were developed during the same time as the constitution and is broader than just democrats (the democratic party was founded in the early 1820s.)
A concept that medieval England had was common law, which is the same that we share in the U.S government. Common law is one of the main pillars of the government.
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Answer:
Explanation: It is not possible to have a unique product in a purely competitive market, because A Purely Competitive Market is a market which has a broad range of competitors who produce the same product. This type of market structure is also called as the Perfect Competition
Explanation:
The answer is judiciary act of 1789
