Typically changing prices only affect supply and demand when one creates artificial demand for it. In almost any cases, it is typically the supply and demand that affects the price changes.
We must firstly understand how supply and demand affect changing prices before we can understand the opposite effect. For example, if there is 100 units, and there are only 50 buyers, the supply is more than the demand. To generate artificial demand therefore, the supplier may lower the prices in an effort to sell off all units. On the other hand, if there is 100 units, but there are more than 100 buyers, than the supplier may raise the prices. This lowers the demand for the product as well as maximizing profits. This example assumes that there is only one supplier of the unit that is in demand.
If however, the supplier has competitors within the field (and is not bound by law to set a certain rate), they may change the prices to be lower than their competitors, in an effort to increase more demand for the prices. It would artificially drive down prices, thereby making profits less. If competitors are not able to survive with less profit and/or be able to lower their own prices, they would be forced to go out of business, either by closing or selling their shops. In turn, when the original company buys up their competitors assets, they then hold a monopoly or close to a monopoly of the given field. This allows them to artificially change the price on their own discretion, typically known for the term <em>price-gouging</em>. Historically in the United States, this has occurred, especially in the oil industry, but price-gouging of many consumer necessities have been banned and a official rate has been set for them.
Essentially, in a true supply and demand, changing a price to be higher than market value may lead to a lower demand, and therefore a surplus of the product, which leads to a artificial low price, while changing a price to be below market value may generate higher demand, which in turn leads to a artificial high price.
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Answer:
john jay went to britain to negotiate treaty - washington
tensions were high- adams
britain forced american sailors- adams
france declared war on britain- washington
three officials were sent to paris france - adams
thomas jefferson drafted the Virginia Resoultion- adams
Explanation:
Answer and Explanation
The trade helped to develop African societies in Maghreb Western Africa that later influence the rise of the Mali Empire.
African Gold-Salt trade brought the Arabs to Africa, leading to Arabic conquest that influenced western Africa societies due to introduction of trade.
There was spread of Islam into Africa through the trade routes of West Africa. Trade of Gold and salt saw the rice of government structures under chiefs who ruled under the kinship systems.
The development of empires grew larger with increased trading of gold and salt in Trans-Saharan trade routes. Trades from the east brought in weapons such as swords that lead to military force developments.
Explanation:
The French Revolution was a revolution in France from 1789 to 1799. The result of the French Revolution was the end of the monarchy. King Louis XVI was executed in 1793. The revolution ended when Napoleon Bonaparte took power in November 1799.
Germany's invasion of Poland (September 1939) led Britain and France to abandon the policy of appeasement.
The policy of appeasement was signed by the prime ministers of Britain and France with Hitler in Munich in September, 1938. They had given in to Germany's annexation of the Sudentland as a German territory, including the evacuation of any Czech population from the region. After signing the Munich Pact, Hitler took control of all of Czechoslovakia (in March, 1939). Britain and France still did not pursue war with Germany when that happened. But when Germany invaded Poland in September, 1939, it was beyond clear that appeasing Hitler hadn't worked, and war was pursued.
