Answer:
There isn't a lot to work with here but I will give the best answer I can.
The supply curve measures how much product there is to be sold. As more product becomes available, the curve goes up, vice versa.
The demand curve measures how many consumers are needing this product. The same principle above applies.
The difference in price can vary based on multiple factors and scenarios, but the most basic fluctuations occur when the balance between the two curves tips. For example, if the supply curve became lower than the demand curve, (indicating there are more consumers needing the product than there is in supply) the price of the product may increase sharply, vice versa.
Explanation:
Good luck! I hope this helped!
Answer:
a) It takes into account human history and human behavior.
Answer:
A. After sentence 5
Explanation:
This is the answer as the sentence should be placed along with another about wealth, or else it would not make sense :)
