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:
Height of power, systematic weaknesses.
Climatic worsening and plague.
Crisis of the Third Century.
Reunification and political division.
Growing social divisions.
Explanation:
thats all
The correct answer is; The United States Constitution.
Further Explanation:
Both Montesquieu and Locke can be described as enlightenment philosophers. They both had ideas and theories on how the government should be used to govern the citizens. When the writers of the constitution were gathered together, they put their theories in the constitution.
The Spirit of the Laws was written by Baron de Montesquieu. He published the book in 1748. The Two Treatises of Government of was written by John Locke. The book was published in 1689. He initially had the book published anonymously because he wasn't happy with that particular edition. He did not like the spelling errors and other printing errors. He had one other edition printed before his death but was still not fully happy. He hand edited the third edition and gave it to his friends to get published. He died before seeing the last edition published.
Learn more about John Locke at brainly.com/question/2688579
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Thanks lol have a good thanksgiving
<span>im Crow law, in U.S. history, any of the laws that enforced racial segregation in the South between the end of Reconstruction in 1877 and the beginning of the civil rights movement in the 1950s.</span><span>Mar 31, 2017</span>
