The Declaration of independence was a document from the founding fathers, telling Britain that it would like for America to be independent, and it also told Britain that the 13 colonies would no longer be accepting the taxes that Britain was giving them. This was a big move for America because the independence was something that they needed. That led King George to agree to give the 13 colonies independence, and that is why today, America does not allow a President of the U.S to be in power for more than 4 years because they didn't want what happened in 1775(where king George taxed 13 colonies) to happen again.
Thomas Jefferson didn't like the rebellion because he knew that the rebellion would lead to a war and he wanted to prevent that from happening so he wrote the Declaration of independence
Caste system
social institution
Answer:
the current price is below the equilibrium price.
Explanation:
At this point where quantity demanded (2,000 units) is greater than quantity supplied (1,000) units, then there is shortage in the market, which means, the current price/ market price is below the equilibrium.
Price equilibrium is a term that describes the point at which the quantity supplied equals quantity demanded. It is represented on a graph, where the curve of demand quantity intersects with supply quantity.
