The correct answer is B.
In a excess supply situation like the one described, the quantity available of a certain product is larger than the amount that consumers demand of it. The market will tend to move back towards the equilibrium, to an scenario in which demand and supply and therefore, the desires of consumers and producers, meet again.
When the price goes down, according to the law of demand (this law states that if the prices is modified, the quantity demanded will change in the opposite direction), more people will be willing to purchase candy at a relatively lower price and more people will be able to afford it. Therefore, quantity demanded increses. The prices will continue on the same downward tendency until demand and supply meet.
Answer:
Option B==> to answer questions and analyze issues.
Explanation:
Models in economics can be likened to an assessment used in the determination or analysis of economic situations. It is this models in economics that are being used to find the roots of these problems and it is also used to solve the problems too.
Economists is the term for people studying economics and its principles. And one of the instruments for studying and explaining economics is the use of models. The models are being used by economists to ANSWER QUESTIONS AND ANALYZE PROBLEMS.
The anwser is C
gold was discovered and people wanted fortune
i hope i helped please let me know if im wrong
