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Assoli18 [71]
3 years ago
11

What year did the construction take place and what year did Thomas Jefferson die

History
1 answer:
sergij07 [2.7K]3 years ago
5 0
1826 was when he died
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If price variations are not allowed under a certian economic system, the price of the product cannot rise and the equilibruim in this market cannot be restored. Therefore, the available units of the product are allocated among the consumers by using a rationing mechanism that establishes certain rules to state which of those consumers would receive the product first, who go next and who cannot have it at all.

If some of the consumers violates the established rules and <u>offers a higher price (which is not allowed), it evidences the emergence of black market practices that circumvent the rationing mechanism. </u>

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