<h3>Describe what is revealed through the law of demand:</h3>
The law of demand is one of the most fundamental concepts in economics. It works with the law of supply to explain how market economies allocate resources and determine the prices of goods and services that we observe in everyday transactions.
<h3>Explain what the law of demand fails to reveal about the quantity demanded: </h3>
The law of demand states that quantity purchased varies inversely with price. In other words, the higher the price, the lower the quantity demanded. This occurs because of diminishing marginal utility.
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The Plessy decision or Plessy vs Ferguson was a law that made segregation legal creating segregated schools, bathrooms etc.
Answer:
B
Explanation:
The Framers chose federalism as a way of government because they believed that governmental power inevitably poses a threat to individual liberty, the exercise of governmental power must be restrained, and that to divide governmental power is to prevent its abuse.
Welfare; Social Security; The Pension Plans; IRS;
