A market is said to be in equilibrium if the supply and demand curve intersects.
<u>Explanation</u>:
A supply of a certain product meets the demand of that product i.e., if the "supply" and "demand" of the product is equal, then the market is at "equilibrium". The price corresponding to it is then called a market-clearing price or equilibrium price whereas the quantity is known as the equilibrium quantity. But this comes with two conditions of surplus and shortage when there is a change in the supply and demand curve. So, a market to be at equilibrium having an equilibrium price, it is always important that the supply meets the demand.
I could be wrong but I think B, Although I would take someone other than my answer. Sorry i didn't know for sure.
Answer:
(3). Yet, libraries did not exist until the 19th century, which slowed progress for peasants and the poor
Explanation:
The renaissance period was a period from the 14th to 17th centuries that humanist views became quite popular. It was a period of rebirth in European culture, economy and politics. Individuals became open minded, curious, creative, and innovative. There was wide spread desire to learn new things as the popular humanistic views of this time brought more wealth and security during this period. However libraries did not exist till the 19th century. This is seen to contradict or critique the preceding summaries above as increased learning should have meant more libraries.
The U.S. Declaration of Independence states that "when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government" (emphasis added).
Answer: Millions of poor people flocked to cities in hopes of finding well-paying jobs.
Explanation:
