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:
It will be correct to say that the civil rights of African Americans couldn't have been a reality without the illustrious effort and contribution of great figures like Franklin and Eleanor Roosevelt. These renowned civil right activists represented the voices of the oppressed African Americans at a time when racism and segregation was the order of the day. They advocated for equality of all races, and abolition of discrimination. They initiated programs that promoted equality of Americans and defended the cause of African Americans. Eleanor Roosevelt advocated for the rights of black women also. She also opposed bills that were discriminatory to African Americans.
Answer: Land and lots of it
Explanation: The West was essentially untouched by colonists save for the California coast line so there was plenty of land available for farming on. Many people moved from the rest of the country in hopes of starting a new life.
Answer:
Basically the cops beat him to death , while they beat him they laughed and joked around about it. The cops that did it were not put in jail, they were allowed to walk free without consequences. Riots and protest broke out after.
Explanation:
I really hate our justice system ♀️
