5) 2
6) 2
7) 1
8) 3
there's you answers for 5-8
The answer depends on a crucial information that it is not provided, the purchasing power of those potential customers, but it still it is possible to reason how the demand and supply of membership would work.
- Surplus of memberships would take place when in the gym market there is a shortage of demand. This situation occurs when there are less customers willing to purchase the product at 45$ than the number of memberships that are available. To claim if this is the case in the example we would need to know the structure of the demand function in this market.
- Shortage of memberships takes place when in the gym market there is a excess of demand. The price is afforded by a number of customers which exceeds the amount of memberships available. Therefore, some rationing mechanism would be necessary to fix who will get the membership and who will not. Again, it would be necessary to know who the demand function works.
<span>After World War II, the Soviet Union turned many of the countries of Eastern Europe into </span>satellite states
That means that the states were "independent" but were actually ruled by the Soviet Union behind the scenes. They each had their leaders but all of them had to do what Stalin told them to.
The pros of the Nile River are: it provided water for crops, gave a water source, and provided a food source. The cons were: over flooding, pollution, and caused destruction to homes and farm lands.
<span>The modern Republican party was born from these individuals. The modern Republican party was formed in 1854 by anti-slavery enthusiasts and the like. The Republican party formed in the wake of the Whig party that eventually faded out after its demise in the 1800s. The Republican party was a Northern party, while the Democratic party was largely in the South.</span>
