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nekit [7.7K]
3 years ago
15

How did the Radical Republicans' aim for reconstruction differ from President Johnson's? What two new laws passed by congress he

lped them achive this aim?
History
1 answer:
tester [92]3 years ago
4 0

Answer:

Explanation:

The reconstruction

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The economy operates according to the law of supply and demand for goods and services. According to this theory, the interaction between supply and demand for a good or service fits and the vector of adjustment is price.

If the price is high, there is more supply than demand. If the price is low, there is more demand than supply. If demand increases, price increases and supply increases. If demand falls, the price falls. That is, the price makes the interaction. There will be a moment where the quantity offered is exactly equal to the quantity demanded, at which point the price practiced is the equilibrium price.

So if an economy is in equilibrium at a time and then the price charged is higher than the equilibrium price, it means that demand has gotten higher than supply.

<u>However, none of the alternatives would explain why a price is charged above the equilibrium price.</u> <u>The answer is the reverse of what is written in alternative (A)</u>. The truth is this: As the quantity demanded rises, the price rises above the equilibrium price.  <u>This is the answer</u>.

The alternative (B) is true, although it does not answer the question of the problem. If prices rise, demand falls. This is because the high price discourages consumption.  

BTW, I'm an economist and I'm sure.

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In the 1884 presidential election, dissatisfied mugwumps left the Republican Party and threw their support behind
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Answer: b. James A. Garfield.

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The World Bank last year deemed South Africa the world's most unequal society. The source of the inequality that plagues South Africa is multifaceted. Unemployment, poor education programs and a collapsing public health system all play a role.

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What invention did the Egyptians give to society?
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Paper and ink, cosmetics, the toothbrush and toothpaste, even the ancestor of the modern breath mint, were all invented by the Egyptians.

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