The intersection between the supply curve (an upward sloping function) and the demand curve (a downwardsloping function) determines the equilibrium point of a market. The equilibrium is the point which represents the exact market price and quantity demanded/supplied at which the wishes of consumers and suppliers meet.
<u>When the market is not in the equilibrium point</u>, two different situations could be happening:
- Excess demand: this is a situation in which the market price is located below the equilibrium price. The quantity demanded at that market price would exceed the amount that the producers are willing to produce and supply at that same price. Therefore, not all consumers are able to obtain the product they desire and there is rationing.
- Excess supply: at a certain price located above the equilibrium, the quantity that suppliers are willing to produce exceeds the amount demanded by consumers at that more expensive price. Therefore, suppliers would not be able to sell their whole production in the market.
A primary source is one that originates at the time an event is happening, so a primary source essay would be an essay about an account that was written at the time that the event had happened. Here are the steps to writing one:
1. You will first need to do some background reading. When you are doing this background reading pay close attention to the description of the event as well as to the important names, places, and terms.
2. Carefully read and analyze the primary source at least once, if not more.
3. Write the thesis. You will present the main idea (the thesis) followed by the evidence that supports this main idea.
4. Organize an outline. The thesis statement and the outline provide the framework for your essay.
5. <span>Write the essay. </span>
<span>A HE Can make 35/42 of a bottle honey with 5/6 pound of honey in each bottle</span>
