The correct answer is that in the 1840s, Mexico ceded California to the United States as a part of a peace treaty.
The Treaty of Guadalupe Hidalgo, which ended the Mexican-American War, forced the Mexican government to cede California to the United States, along with the other Interior Provinces (today's New Mexico), in 1848. That same year gold was discovered in California, more precisely in Coloma, near Sacramento, and many people came to the new US territory to look for gold and try their luck.
Supply and Demand Effects farmers in various ways:
- Demand Increase: Price increases, Quantity increases.
- Supply Increase: Price decreases, Quantity increases.
- Demand Decrease: Price decreases, Quantity decreases.
- Supply Decrease: Price increases, Quantity decreases.
<u>Explanation:</u>
Supply and demand, as well as market prices, will rise and fall until they achieve a balance, which is called market equilibrium. As a response to decline the sales, farmers will have to lower the prices until the demand for product increases.
If a farmer set a price which is too high, thus the demand will decrease. If the market price is high, the interest of producers for a certain product or service will increase.
During the middle ages did power in europe shifted from the kinds and popes to nobles or from nobles to kings and popes?
Nobles lost power and kings and popes gained power
