1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
iragen [17]
3 years ago
7

Help fast due soon

Social Studies
1 answer:
Soloha48 [4]3 years ago
7 0

Answer:

What Is the Law of Supply and Demand?

The law of supply and demand is a theory that explains the interaction between the sellers of a resource and the buyers for that resource. The theory defines the relationship between the price of a given good or product and the willingness of people to either buy or sell it. Generally, as price increases people are willing to supply more and demand less and vice versa when the price falls.

Explanation:

The law of demand says that at higher prices, buyers will demand less of an economic good.

The law of supply says that at higher prices, sellers will supply more of an economic good.

These two laws interact to determine the actual market prices and volume of goods that are traded on a market.

Several independent factors can affect the shape of market supply and demand, influencing both the prices and quantities that we observe in markets.

You might be interested in
Should the Texas Legislature decide all state and county judges should be formally trained lawyers, they must offer legislation
Orlov [11]

Answer: Article 5

Explanation:

Article Five of the U.S. constitution describes the process whereby the constitution, the nation's frame of government may be altered. This article also discusses what amendment can be made in the constitution and what manner in which the changes can and should be made.

8 0
3 years ago
When money is divided among different kinds of investments it is __________. A. safe B. unified C. diversified D. guaranteed
evablogger [386]

Answer:

C. diversified

Explanation:

When money is divided among different kinds of investment it is diversified

5 0
3 years ago
What is a group of families that can trace their descent back to a common ancestor known as? A.nuclear family B.kinship C.extend
Airida [17]

Answer:

D. lineage can trace back to the descendants of many generations

8 0
3 years ago
When humans make judgment errors that are in favor of the self it is called the?
Mkey [24]

It is called the "s<span>elf-serving bias".</span>

The self-serving bias is individuals' propensity to credit positive occasions to their own character yet ascribe negative occasions to outer variables. It's a typical kind of psychological predisposition that has been widely contemplated. At the point when people dismiss the legitimacy of negative input, center around their qualities and accomplishments however ignore their flaws and disappointments, they are shielding their ego from danger and damage.

5 0
4 years ago
Why would it have it taken years for the Florida keys to recover from the Labor Day hurricane?
arlik [135]

In 1679, New York was established as a

4 0
3 years ago
Other questions:
  • How could a strong central government help georgians facing an indian war
    7·1 answer
  • How did the Russian revolution help precipitate the Cold War?
    15·1 answer
  • What is Germany's economy is based on
    15·1 answer
  • Which of the following is NOT a requirement for negotiability:
    15·1 answer
  • Mier y Terán's report discussed A. concerns about the growing American influence in Texas. B. concerns about the growing revolts
    5·1 answer
  • When Connor wanted to break up with Jillian, he told her "we can still be friends." Which type of termination strategy was Conno
    5·1 answer
  • Which best summarizes the manor system?
    13·2 answers
  • Government regulations can increase _____, making goods and services more expensive.
    13·2 answers
  • Which two of the following are MAIN ideas of the article?
    6·1 answer
  • What is economical behaviour​
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!