<span>11,000 British troops and some 1,000 Loyalists departed Boston by ship on March 17, sailing to Halifax, Nova Scotia.
</span>
Answer:
Demand-pull inflation exists when aggregate demand for a good or service outweigh aggregate supply. It starts with an increase in total consumer demand. Sellers meet such an increase with more supply. But when additional supply is unavailable, sellers raise their prices. That results in demand-pull inflation.
This is commonly described as "too much money chasing too few goods."
Answer:
If demand increases and supply remains unchanged, then it leads to higher equilibrium price and higher quantity.
Explanation:
hope this helps you
The equilibrium is the price that comes out from adding all the direct related costs in producing the good or service. To this total you have to add the indirect costs, for example, taxes, salaries, etc. Add up both results and you will have the price.
The equilibrium price is the price that covers all your expenses, both direct and indirect. With this price you do not lose nor earn any money.
