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

How did the ottoman and safavid empires influence or contribute to trade in 1450-1700

jekas [21]

Answer:

By defeating Constantinople

Explanation:

Before 1453, the trade route toward the European market was controlled by the Constantinople. Difference in major religion between the middle east empires and Constantinople often caused unnecessary conflicts, which is why trade never been really flourished between the two regions.

After Ottoman and Safavid defeated the Constantinople, It is much easier for traders from Middle East empires to pass through European trades route.

6 0

3 years ago

Xavier is fearful of approaching new situations and often appears inhibited. Xavier's father reports that he struggles with simi

avanturin [10]

Learned Social anxiety

8 0

3 years ago

According to the Constitution, the right of freedom of religion supports

NNADVOKAT [17]

Practicing any religion that one chooses, or none at all.

7 0

2 years ago

The first voter is not required to sign anything proving that he or she has seen these items

Murrr4er [49]

I believe the answer is true by my knowledge and research! :) hopefully this helped

7 0

2 years ago

Maria criticizes her husband for driving too slowly. He responds that he will not drive faster than the posted speed limit becau

Luda [366]

Answer:

Preconventional.

Explanation:

The preconventional stage level of moral development states that an individual acts with utter confidence on the rules imposed by authority figures. Actions are judged based on the consequences established by these rules.

Regarding the example, Maria's husband drives slowly even when she complains, as her husband expects immediate punishment for breaking traffic laws.

5 0

3 years ago