Nikola Tesla was an inventor in the old days and he was also an engineer too.
The intersection between the supply curve (an upward sloping function) and the demand curve (a downwardsloping function) determines the equilibrium point of a market. The equilibrium is the point which represents the exact market price and quantity demanded/supplied at which the wishes of consumers and suppliers meet.
<u>When the market is not in the equilibrium point</u>, two different situations could be happening:
- Excess demand: this is a situation in which the market price is located below the equilibrium price. The quantity demanded at that market price would exceed the amount that the producers are willing to produce and supply at that same price. Therefore, not all consumers are able to obtain the product they desire and there is rationing.
- Excess supply: at a certain price located above the equilibrium, the quantity that suppliers are willing to produce exceeds the amount demanded by consumers at that more expensive price. Therefore, suppliers would not be able to sell their whole production in the market.
I'm sure about the third one,but not so sure about the rest.Best of luck!
Answer:
2.) Persian kingdom was to conquer nearby lands and then unite them into one empire.
3.) Darius organized the empire by dividing it into provinces. Through his leadership, Persia became more centralize and united under one language and banner.
4.) The Ionian Revolt was the result of Persians oppressing the people of Greece under their rule. It was significant because it started the Greek-Persian Wars which would eventually lead to Persian victory over the Greek nations.
Explanation:
