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aleksandrvk [35]
3 years ago
15

1. When Henry of Navarre became Henry IV, he

History
1 answer:
STatiana [176]3 years ago
8 0
1. When Henry of Navarre became Henry IV, he <span>converted to Catholicism. The correct option among the options given is option "C". 

2. </span><span>During the late Middle Ages, Spain did all of the following except invade England. The correct option is the option "D".

3. </span><span>One of the richest parts of Philip II's empire was the Spanish Netherlands. The correct option is option "B". 

4. </span>Elizabeth Tudor tried to <span>avoid war with France and Spain.The correct option is option "A".

5. </span>The French kings of the sixteenth century managed to <span>do little to stop the spread of Protestantism. The correct option is option "B". </span>
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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.  

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