<span> The law of supply and demand is basically this: The value of something is commensurate with the demand of that something with the availability of that something.
Take widgets. You have widgetA and widgetB.
Not too many people want widgetA; there's not a high demand for widgetA. Also, there are a lot of widgetA's available for purchase.
Now, on the other hand, lots of people want a widgetB. Also, the number of widgetBs produced do not keep up with the demand for widgetB.
Considering the top two hypotheticals: Joe sells widgets. He stocks both widgetAs and widgetBs. Because his supply of widgetAs exceeds the demand (number of customers who want to buy them) he will be forced to sell them for less than he could sell widgetBs because his supply of widgetBs is less than the demand for them.
The higher the demand, the lower the supply, the higher the cost.
The lower the demand, the higher the supply, the lower the cost.
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That statement is True
Since Ocean Streams in South East Asia , Africa, And America, the pollution from the nations from that area will eventually let to the Great Pacific Area, forming the Great Pacific Garbage
Answer:
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Explanation:
Answer: Inflation
Explanation: Inflation is the rate at which the monetary value of goods and services increase. The main duty of the Federal reserve,also called "the Fed" is to control inflation while avoiding recession. The Fed does this by adopting monetary policies according to the situation.
When the discount rate is increased, it means the interest rate is higher and this contracts or reduces the money supply in commercial banks which in turn reduces inflation by slowing down economic growth. This reduces the pressure on the price , inflation is reduced and there's equilibrium.
Increasing the reserve requirement also curbs inflation as this also entails taking money out of the supply and increasing the cost of credit, slowing down the economy and reducing inflation.