A market is said to be in equilibrium if the supply and demand curve intersects.
<u>Explanation</u>:
A supply of a certain product meets the demand of that product i.e., if the "supply" and "demand" of the product is equal, then the market is at "equilibrium". The price corresponding to it is then called a market-clearing price or equilibrium price whereas the quantity is known as the equilibrium quantity. But this comes with two conditions of surplus and shortage when there is a change in the supply and demand curve. So, a market to be at equilibrium having an equilibrium price, it is always important that the supply meets the demand.
Answer:
The Declaration justified the independence of the United States by listing 27 colonial grievances against King George III and by asserting certain natural and legal rights, including a right of revolution.
Explanation:
Answer: The Monroe Doctrine is the best known U.S. policy toward the Western Hemisphere. Buried in a routine annual message delivered to Congress by President James Monroe in December 1823, the doctrine warns European nations that the United States would not tolerate further colonization or puppet monarchs.
Answer:The answer is B. 50%
Explanation:
I did a quiz for my history class and the correct answer was B. 50%
Answer:
Answer number 2 is the correct answwr
Explanation:
I see it in my book
