Price is determined by the interaction of supply and demand.
3 .If both the the seller and the buyer agree on a price, an exchange of good and services can occur. In that case, the agreed price is called the 'equilibrium price'<em>. </em>Supply and demand are in balance. <em>When either the</em> <em>demand or the supply changes, the equilibrium price will change too.</em>
4. When there is a surplus ( the supply of goods increases ) and the demand stays unchanged, <em>the price of goods would go lower.</em> There would be too many goods available on the market, and in order to sell them the producer would have to adjust ( lower ) the price to clear the market of excess supply.
5. When there is a shortage ( the supply of goods decreases ) and the demand remain unchanged, the price of goods would <em>go higher</em>. The quantity of goods demanded would be higher than the number of products available on the market. This may result in a shortage of products and the producers would demand a higher price for their offered goods.
Answer:
london is answer of this question
Answer:I don’t know what u mean by that do u want me to study a crossword for u or something lol
Explanation:
What is the question you are asking?
The best republic suggested Plato is one in which philosophers are in charge. Olly philosophers have been trained and disciplined to govern with the best interests of the republic in mind other forms of government necessary create an us-versus-them'dichhotomy that is ultimately unsustainable
