Answer:
quantity demanded equals quantity supplied
Explanation:
The market equilibrium is the price at which the quantity demanded and the quantity supplied cross each other. The intersection could be made by supply and demand curves.
Therefore, there is a direct relationship between the price and the quantity supplied, while the price and quantity demanded have an inverse relationship.
When the quantity demanded and the quantity supplied are intersect at the price so we called market equilibrium
Answer: <u><em>A nation cannot have a comparative advantage in the production of every good.</em></u>
The principle of comparative advantage states that under free commerce, an representative will produce more of and consume less of a commodity for which they have a comparative advantage. Comparative advantage is the economic experience depicting the work increase from trade for individuals or nations, which originate from differences in their factor endowments or technological progress.
A memo is a short written type of communication used in formal organizations. Memos should begin with a clear and to the point purpose statement. It is usually recommended that they do not exceed one page in length. A paragraph in a memo should not be longer than three to four sentences.
True, When a currency is experiencing high inflation, then it’s buying power is decreasing, and investors like me will not want to hold it.
