Equilibrium occurs when supply and demand coordinate to:
(B) set prices and production.
Market equilibrium is achieved when supply and demand are equal. This would happen when prices and production are maintained at levels where demand and supply remain consistent. Economic theory proposes that there is a particular price for a product or service which brings demand and supply into balance, which economists term the equilibrium price. In typical markets, equilibrium is not achieved as a constant state of affairs. Rather, supply and demand will fluctuate around what would be the theoretical equilibrium price. If prices rise due to high demand, this signals producers to expand production to meet the demand for greater supply. If there is too much supply available, market prices will drop as suppliers work to sell their surpluses.
The Vaco de gama voyage they were trying to achieve land in Africa.
Hope it helps :-)
The most recent refugee crisis would be Syria.
Jazz was formed during the Civil Rights Movement in the 1920s as minority races began to alter music to make their own and make a name for themselves. The entertainment it brought was also used as a distraction during the World War and Great Depression.
