The correct answer is "The price needs to raised".
In demand vs offer chart for any good, whenever there is an increase in the demand but the supply
- experiences smaller growth in comparison to that of the demand
This will lead to an increase in price. As producers see a window of opportunity to get the most profit possible of an increasing wave of demand. The price will grow until the new <em>"point of equilibrium"</em> is reached, which is the amount the overall demanding customer is willing to pay for that good.
1. Florence has often been named the birthplace of the Renaissance. The early writers and artists of the period sprung from this city in the northern hills of Italy. As a center for the European wool trade, the political power of the city rested primarily in the hands of the wealthy merchants who dominated the industry.
Florence has often been named the birthplace of the Renaissance. The early writers and artists of the period sprung from this city in the northern hills of Italy. As a center for the European wool trade, the political power of the city rested primarily in the hands of the wealthy merchants who dominated the industry.
Answer:
the Covered Wagons. Pioneers that travelled west across hundreds and thousands of miles needed supplies, guides and protection to help them make the often treacherous journey. Wagon Trains were formed to allow groups to reduce the dangers associated with the long journey west.
Explanation:
Answer:
<em>Exchange rates tells us the amount of one's currency that you can exchange for another.</em>
<em>Take it as an example,</em>
<em> the dollar's exchange rate tells you how much a dollar is worth in a foreign currency. You would get a little less than the exchange rate as the banks charge their service fee. Conversely, a pound was worth $1.31.</em>
<em>hope this has helped you !</em>
Answer:
The practice went on for so long because, in my opinion, of tradition and it it was that these women had so much money and nothing to do. It was a way to state your status without having to say anything. You were immediately recognized as from a wealthy family.
Explanation:
