The hawaii monarcy. i'm guess i spelled that right.
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.
<span>It's truly dependent upon the area represented. Smaller-level governance is definitely focused on the individual and small group, since the representative is directly responsible and able to communicate openly with their constituents. When the levels reach state and federal representatives, it becomes tougher to directly communicate because of the greater distance (and more levels) between the representative and the constituent.</span>
Answer:
This would constitute a violation of one's First Amendment Rights
Explanation: The First Amendment to the Constitution provides for freedom of press, speech and assembly
