Equilibrium occurs when supply and demand coordinate to:
(B) set prices and production.
Market equilibrium is achieved when supply and demand are equal. This would happen when prices and production are maintained at levels where demand and supply remain consistent. Economic theory proposes that there is a particular price for a product or service which brings demand and supply into balance, which economists term the equilibrium price. In typical markets, equilibrium is not achieved as a constant state of affairs. Rather, supply and demand will fluctuate around what would be the theoretical equilibrium price. If prices rise due to high demand, this signals producers to expand production to meet the demand for greater supply. If there is too much supply available, market prices will drop as suppliers work to sell their surpluses.
Answer:
1) The ancient city-state of Athens is the craddle of democracy. "Demokratia" was a system of self-governance where all free men older than 18 years of age - women and slaves were excluded - could join the Assembly or "ekklesia," an organ for deliberation and voting. It was instituted in the year 507 BCE by the nobleman Cleisthenes, who had overtrown the last tyrant of Athens.
2) The old name of Xian is Changan. It was the capital of ancient China during several dynasties . It was then a major political center, one of the main cities of Asia and the world. Its magnificent imperial architecture was a model to develop other cities in Korea and Japan. Xian was also the end point of the Silk Road, what made it a key commercial center of China.
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Answer:
Aside from facilitating trade, the Mongol influence also improved the communication along the Silk Road by establishing a postal relay system
Explanation:
hope this helps
The Scientific Revolution<span> refers to a period when developments in mathematics, physics, astronomy, biology and chemistry transformed views of society and nature.</span>
