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.
President Wilson's appearance in front of the Congress asking for the declaration of war against Germany in hopes that they could influence the terms of the postwar peace settlement.
He proclaimed that the world must be made safe for democracy, to fight for the right of those who submit to authority to be their voice in their governments, for the rights and liberties of small nations and for the safety of all nations and make the world itself free.
The U.S. Senate then voted in favor of war with 82 votes to 6 and two days later the House of Representatives also voted in favor with 373 votes to 50. This solidified and announced the participation of the United States into the First World War.
The three rules known for unifying Japan are Oda Nobunaga, Toyotomi Hideyoshi, and Tokugawa Ieyasu.
Pacific island that became a triple protectorate of the United States, Britain, and Germany <span>B) French Indochina</span>
What fueled economic growth but also enflamed old rivalries and contributed to two major wars in the twentieth century was Rearmament.
