The economy operates according to the law of supply and demand for goods and services. According to this theory, the interaction between supply and demand for a good or service fits and the vector of adjustment is price.
If the price is high, there is more supply than demand. If the price is low, there is more demand than supply. If demand increases, price increases and supply increases. If demand falls, the price falls. That is, the price makes the interaction. There will be a moment where the quantity offered is exactly equal to the quantity demanded, at which point the price practiced is the equilibrium price.
So if an economy is in equilibrium at a time and then the price charged is higher than the equilibrium price, it means that demand has gotten higher than supply.
<u>However, none of the alternatives would explain why a price is charged above the equilibrium price.</u> <u>The answer is the reverse of what is written in alternative (A)</u>. The truth is this: As the quantity demanded rises, the price rises above the equilibrium price. <u>This is the answer</u>.
The alternative (B) is true, although it does not answer the question of the problem. If prices rise, demand falls. This is because the high price discourages consumption.
BTW, I'm an economist and I'm sure.
Answer:
The theme would be French culture, and more specifically, Parisian culture from 100 years ago. In culture, the historian would include not only music, but also paiting, theater, cinema, and so on.
The region would obviously be Paris, but also other regions of France, and even other countries, where Parisian music from the time might have had an influence.
And the period would be the first two or three decades of the XX century, which is the period that led to the development of Parisian music from 100 years ago.
By the sea
The ancient civilization of Phoenician comprised of independent city states in the biblical legendary area of Canaan, which along the middle eastern Mediterranean region.
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I say C. because the entire paragraph is talking about political power.
Answer:
It's because the party that's not in office is usually more angry about what's currently going on in politics, and they want to vote to change that.
For example, the Democrats gained a bunch of seats during the midterms, because they don't like what Trump is doing in office right now, and they wanted to vote to have more representation. The same thing happened when Obama was in office from 2008-2016. The Republicans gained more seats, because they didn't approve of Obama and wanted change.
