Institutions are the organizations where government power is exercised and where political struggle takes place.
Institutions serve as the arenas for political struggle and the exercise of governmental power. Both state and non-state actors create and uphold institutions.
An institution in political science is a collection of formal laws like constitutions, unspoken rules, or shared beliefs that set limits and specify how political actors should communicate with one another and exercise governmental power.
Politicians stick to institutions because they want to avoid penalties as much as possible and reap the rewards whenever possible.
Institutions have been shown to impact political processes and results substantially. Establishing the number of people required to change the status quo is how institutions determine the stability and change in a political system.
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Answer:
- decreases, decreases
Explanation:
Initially travel supply and demand have their equilibrium at the intersection between the supply curve (green) and the demand curve (red) where price is P1 and quantity is Q2. When demand decreases, the quantity demanded decreases to Q1. By the law of supply and demand, when demand decreases the price tends to fall. This is what happens on this chart, where decreasing demand leads to decreasing price, now the new price is P2. Thus, the new equilibrium is the result of decreasing demand quantity and price and is established by crossing the supply curve (green) and the new demand curve (purple) at points P2 and Q1.
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