Answer:
I’m not sure what to tell you :/
Explanation:
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.
Answer: Involved debate over the extent of executive and legislative authority
Explanation:
I just took the test
Answer:
The correct answer is A: Farmers were going to lose their farms due to raised taxes.
Explanation:
Shays' Rebellion was an armed uprising that took place in Western Massachusets to <em>oppose to the government's action to increase the taxes </em>collection effort to pay a debt crisis happening by that time. Daniel Shay, a veteran from the American Revolutionary War was the one who led a large group of rebels to fight against the government and its impositions. He was a farmhand so that encouraged the fact to rise against the system.
July 4: The Philippines gains independence from the United States, and begins fighting communist Huk rebels (Hukbalahap Rebellion). I hope I could help! :)
