The intersection between the upward sloping function (the supply curve) and the downward sloping function (the demand curve) is the equilibrium price of the market, the point at which the wishes of consumers and suppliers meet.
The graph described should be like the one attached. The example includes the demand and supply curves and the equilibrium price of a market of agricultural products.
When the economic authorities set a minimum price (also called price floor), above the equilibrium price there is a situation of excess supply.
- Producers are willing to produce a larger quantity in the price floor scenario, as they will earn a higher price per unit commercialized.
- Consumers are willing to consume a smaller amount of product units at a more expensive prices.
The wishes of producers and consumers do not meet in the price floor situation, the quantity supplied is larger than the quantity demanded and therefore there is an excess supply.
It's not really what they are doing, it is what they are going to do. When they grow up they will become our CEO's, teachers, scientists, doctors, even though most will just become our clerks.
Economic Risk: She may not be able to pay her bills and end up in debt.
Economic Benefit: She may have a better future than before. And also try a part-time job.
Even if Luisa has less money and time than before, going back to school is definitely the best option. Invest in a future to get a better job, and a better future as well. Study is the best option for her.
Answer:
the allies were russia GB italy france japan Serbia and the usa the central powers were turkey Germany Austria- Hungary the newtral countries were
Explanation:
Argentina, Chile, Denmark, The Netherlands, Norway, Spain, Venezuela, Sweden and Switzerland. the u boats were most found in belguim
lonegest battle was Verdun