Made Great Britain have more territories and then became poor because of war expenses.
Definitly, 90% of your food is from a Agricultural industry
8. This means that as bad as slavery was it was helping to run the country and nobody wanted a revolt if they freed all the slaves.
9. Early abolitionists worked with state legislatures to get Northern states to individually outlaw slavery. They also worked by publishing books, newspapers, and pamphlets. They had conferences, speeches, conventions, and founded charities for slaves.
10. Garrison was stern and uncompromising and he was harsh and he published newspapers, writing. Douglass was more of orator. Douglass was as flexibly practical as Garrison was stubbornly principled. Garrison often seemed more interested in his own righteousness than the substance of slavery evil itself. Douglass increasingly looked to politics to end slavery and were pacifistic.
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.
Shah Ismail conquered Persia in the early sixteenth century and was the founder of the Safavid Dynasty.
