The given question is incomplete as the group of choices are not given, required to answer the question. However, the group of choices for this question is as follows:
1) stable – if we are there we will stay there, unless outside forces change
2) unique – there is one and only one equilibrium, a property which follows from the “Law of Demand” and “Law of Supply”
3) self-enforcing – at higher prices there is downward pressure on price; at lower prices there is upward pressure on price – therefore if we are at some other price, we will be pushed toward the equilibrium price
4) All of the above statements are correct
Answer:
The correct answer is - option 4. all of the above statements are correct.
Explanation:
According to the model of the demand and supply, market equilibrium in the model of the supply and demand is the market where the balance between supply and demand is equal and due to equal demand and supply prices of a particular product is stable.
If there is an over-supply of products than the demand in the market the prices will go down, which results in higher demand. At higher prices there is pressure on the price to move downward; at lower prices, the pressure would be upward.
Thus, the correct answer is - option 4. all of the statements are correct
Answer:
GLACIAL DEPOSITS
Today, glacial deposits formed during the Permo-Carboniferous glaciation (about 300 million years ago) are found in Antarctica, Africa, South America, India and Australia. If the continents haven’t moved, then this would suggest an ice sheet extended from the south pole to the equator at this time - which is unlikely as the UK at this time was also close to the equator and has extensive coal and limestone deposits. If the continents of the southern hemisphere are re-assembled near the south pole, then the Permo-Carboniferous ice sheet assumes a much more reasonable size.
More evidence comes from glacial striations – scratches on the bedrock made by blocks of rock embedded in the ice as the glacier moves. These show the direction of the glacier, and suggest the ice flowed from a single central point.
I'm not an expert on this but I'm speculating "fracking"
Which uses high water pressure to extract the coal.
The answer is: Culture as shared ideas
Culture as a shared idea refers to a set of beliefs or behaviors that have similar characteristics because it come from the same background.
In the example above, the similarities of beliefs that Joe and Sarah have come from the fact that they are both held a christian religion. The difference arise because the religion that they adopt are considered to be a sub-culture that derived from one main culture. (christian in the main culture, baptist and Lutheran are the sub-culture)
The <u>ordinal data</u> is type of data is also called ranked data and expresses the comparative evaluation of various characteristics or entities, and relative assignment of each, to a class according to a set of criteria.
<u>Explanation:</u>
A categorical, quantitative category of data where there are normal, organized categories of variables and the ranges between the categories are not established is understood as an ordinal data. These information occurs on an ordinal dimension, one of the 4 calculation rates defined in 1946 by S. S. Stevens. An illustration of ordinal data is a satisfaction score on a range of 1-10. There is no uniform significance for the disparity between one score and the next in level results.
