1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
4vir4ik [10]
2 years ago
12

Which statement best compares the laws of supply and demand?

Social Studies
2 answers:
Cerrena [4.2K]2 years ago
6 0
I just took the test the answer is B.
Lapatulllka [165]2 years ago
4 0

The law of supply and demand is a theory that can be perfectly observed in practice. <u>According to this law, demand and supply interact with each other by balancing the market for a good or service through price. If demand is high and supply is scarce, the price increases. The opposite is true, if supply is abundant and demand is low, price falls. </u>

Thus there will be a point where supply and demand are equal. At this point, the price is considered the equilibrium price.

However, this law is true for a market economy, that is, the adjustment between supply and demand is given by the market itself. However, in the real world, other variables can alter the functioning of the law of supply and demand. For example, government intervention in prices or a ban on the entry of new competitors.

Thus, The second answer is correct (B).

You might be interested in
How are crops shipped to their destinations
Thepotemich [5.8K]
First, they are reaped and brought to a dealer which is then packaged and shipped via truck or airplane to many countries around the world. Hope this helps!
7 0
3 years ago
A _____ is a request made by either party that asks a court to expeditiously dispose of a case without a trial.
vekshin1
<span>A civil case is a request made by either party that asks a court to expeditiously dispose of a case without a trial.

-Hope this helps.</span>
8 0
2 years ago
Ted is a confederate in the Solomon Asch experiment, which means that he is working for Asch. A college student who is not a con
stepan [7]

Answer:

B. The student is likely to be agitated and uncomfortable

Explanation:

This is an incomplete question. The card that is displayed is showed below.

Solomon Asch's experiments were conducted to investigate the extent to which social pressure from the majority of a group could affect a particular person to conform to their opinions even if they were clearly wrong. Solomon Asch argued that when in a group, individuals will feel pressured to conform to the opinion of the majority.

In this example, Ted is working for Asch, and a college student sits to his left, this student is the only one not working for Asch. He shows the card below and asks all of them which line is the longest. <u>It is clear that the longest one is A. </u>However, <u>all the other confederates say that C is the longest and then Ted says that B is the longest.</u> All of them <u>are clearly wrong </u>and the student is likely to be agitated and uncomfortable wondering if he's wrong thinking that A is the longest one.

7 0
3 years ago
Read 2 more answers
Attitude surveys indicate that over the years white prejudice has:
Kitty [74]
<span>In recent years white prejudice has increased in rural parts of the US, while in more densely-populated urban areas white prejudice has declined. Studies show that simply by moving to a move urban and racially diverse city, white people become less likely to prejudge others based on race. This suggests that racism is perhaps due to lack of exposure to people of other races and is a form of experiential ignorance. The reasons for white prejudice seem to be caused mostly by the spread of misinformation and hate speech, where white supremacist figureheads will blame any number of problems on any race or group that they perceive as "other" or "outsiders". The internet has given these outspoken individuals an international soapbox from which to spout their racist rhetoric, which may have caused an increase in the intensity of believe seen among some groups of white prejudiced Americans. However, the internet has also given a platform for many more rational thinkers who preach tolerance, acceptance, and the value of diversity in society. This is considered mainstream academic thought in the US today, which was not the case just 50 years ago. In that regard, white prejudice has decreased as a function of the overall population of the US. Similar trends have been observed in other countries which were previously predominantly white and have recently seen a much larger spike in racial and ethnic diversity. For example, in Germany, white prejudice has starkly decreased over the past 100 years. Less than a century ago, a large number of Germans were participating in race-based genocide on their own soil. Today, Germany has a culture of acceptance and semi-open borders. In 2016, Germany's leader Angela Merkel opened Germany's borders to thousands of refugees escaping Syria. The majority of these refugees were non-white, and were accepted by the German people. This scenario would not have been possible in German culture 50 years ago.</span>
4 0
3 years ago
What was the Chinese economic program of the late 1950s and early 1960s?
Rus_ich [418]

Answer:

Communist revolution is the answer

5 0
2 years ago
Other questions:
  • What were some problems facing traders following the Silk Road?
    15·1 answer
  • Load, drivers' reactions, vehicle type and design, and condition of the road surface, tires, and brakes are all factors that aff
    9·1 answer
  • Does Due process mean free of crime
    8·1 answer
  • An "agnostic" is a person who does not believe there is enough evidence to know whether God exists. It is unknowable to that per
    7·1 answer
  • In a representative government, whom do the lawmakers represent?
    14·2 answers
  • Elizabeth Cady Stanton is most noted for
    10·2 answers
  • Which of the following is associated with people belonging to the Ashanti ethnic group?
    5·1 answer
  • Which ecosystem in Africa does the photograph show?
    9·2 answers
  • Who comes out of the debates as a national candidate in the future?
    13·1 answer
  • What are the two most popular subfields of psychology
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!