The answer depends on a crucial information that it is not provided, the purchasing power of those potential customers, but it still it is possible to reason how the demand and supply of membership would work.
- Surplus of memberships would take place when in the gym market there is a shortage of demand. This situation occurs when there are less customers willing to purchase the product at 45$ than the number of memberships that are available. To claim if this is the case in the example we would need to know the structure of the demand function in this market.
- Shortage of memberships takes place when in the gym market there is a excess of demand. The price is afforded by a number of customers which exceeds the amount of memberships available. Therefore, some rationing mechanism would be necessary to fix who will get the membership and who will not. Again, it would be necessary to know who the demand function works.
Answer:
The pharaoh controlled the economy with help from government workers.
Explanation:
Command economy is a type of economic system in which the ruling authority takes the decision of the economic activities. Every resource and business activities are owned and controlled by the ruling class or the government. In Ancient Egypt, Pharaohs took all the decisions about the economic activities. Primarily they initiated the building of the pyramids to be of more important. The agricultural sector, business markets and all the arrangements for the war were managed by the ruling class.
The president's most fundamental power is the power to persuade. If they didn't have it, they wouldn't be presidents for starters. If they're good at it, they will also persuade the people and the congress to pass pieces of legislature that was created during the term of that president.
Most of them were overthrown by 750 B.C.
they didnt like the idea of one man being in power they favored the people not the government
