supply and demand determines prices levels for goods and services in a market economy.
A market economy is characterized by the free entry and exit of firms, that is, it is an economic system based on competition. In this context, firms compete for the market through price practices. Consumers will buy from the firms that practice the lowest price and firms that charge a higher price will be eliminated by the competition.
When the market places a price where the supply of goods and services will equal the demand for goods and services, the economy will be in equilibrium.
The first option is correct
Answer:
In 1820, he traveled to San Antonio to request a land grant from the Spanish governor, who initially turned him down. Austin persisted and was finally granted permission to settle 300 Anglo families on 200,000 acres of Texas land.
Explanation:
Answer:The Civil War brought forth the opportunity of hope for many Native Americans. ... The Indians in some areas hoped this would provide them with the chance to retake some of their lands. Violence broke out among the Native Americans and the settlers and soldiers as they tried to regain the land.
