The intersection between the upward sloping function (the supply curve) and the downward sloping function (the demand curve) is the equilibrium price of the market, the point at which the wishes of consumers and suppliers meet.
The graph described should be like the one attached. The example includes the demand and supply curves and the equilibrium price of a market of agricultural products.
When the economic authorities set a minimum price (also called price floor), above the equilibrium price there is a situation of excess supply.
- Producers are willing to produce a larger quantity in the price floor scenario, as they will earn a higher price per unit commercialized.
- Consumers are willing to consume a smaller amount of product units at a more expensive prices.
The wishes of producers and consumers do not meet in the price floor situation, the quantity supplied is larger than the quantity demanded and therefore there is an excess supply.
Answer:
The aspect of the Constitution that most reflects the values of republicanism is the separation of powers.
Explanation:
Separation of powers is the idea that the power of a state should be constitutionally divided between two or more independent power poles, so that they balance and control each other and ensure that a person or group does not receive too much power.
This triple division of power had a great impact on the French Revolution and on the structure of the United States after the Declaration of Independence. Thus, the Constitution of the United States adopts this principle by establishing a temporary political power, with an executive power headed by the President, a legislative power in the hands of Congress, and a judicial power led by the Supreme Court, all of them controlling each other. Through the checks and balances system.
The principle of checks and balances, often used to describe the division of power, comes from James Madison. The principle states that an authority has the possibility to control another authority and the possibility to use its power to limit the power of other authorities.
Symbolic Interactionism is the sociological theory that would cause this woman to to make a mistake in the greeting.
<h3>What is symbolic interactionism?</h3>
This is the type of interaction that humans engage in where they would attach meaning to gestures and other forms of interactions.
In this case, the patient takes the gesture to mean that the doctor may not be able to continue
Read more on sociological theory here:
brainly.com/question/10380757
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<span><span>The correct
answer is "they were less likely to have pension plans", in the current
time, most people have pension plans, because they plan their retirement
almost when they start working.</span> <span>In addition, most
companies have pension plans as a benefit for their employees and it is
very accessible to acquire a private pension plan.</span></span>
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