You saying her name is Grace or Rose that means you think it’s one of them but you don’t know your best friends name
Answer:
The principle of separation of the state from religious institution is secularism
When markets fail to clear and achieve their final equilibrium point, they are said to be in disequilibrium. Disequilibrium might develop if the price was lower than the market equilibrium price, causing demand to exceed supply, resulting in a shortage. Government regulations, non-profit maximization actions, and 'sticky' prices can all cause disequilibrium. The demand (Q1) is greater than the supply (P1) at a price of P1 (Q3). As consumers try to get the limited supply, this disequilibrium will result in a shortage (Q1-Q3) and long lines. In a free market, you'd expect businesses to deal with this imbalance by raising prices to ration demand.
Causes of disequilibrium
- Sticky prices: Firms may be committed to maintaining the same price for the entire year. As a result, if demand rises over the season, there will be a shortage because the company does not want to continuously changing pricing — especially when demand is erratic. There are menu costs in adjusting pricing, but they can also upset customers by raising prices constantly.
- Social factors: Firms may intentionally keep prices low because they believe they have an obligation to the community - for example, landlords not raising rent, or football teams not raising ticket costs.
- Non-profit maximizing decisions: Individuals are assumed to be rational and endeavor to maximize utility in economics. Other forces, though, are at play in the real world. Ub3r, for example, uses 'surge pricing,' which allows the price to climb in response to high demand, encouraging more drivers to work. However, this might mean that in the event of a natural disaster, Uber appears to be profiting from 'unfairly high' costs. Uber's algorithms have been adjusted to override these equilibrium prices.
- Government controls: ex maximum or minimum prices or government regulating prices, ex train tickets limited by rail regulators.
<h2>
Price above equilibrium</h2>
In other circumstances, the price may be set higher than the equilibrium price, resulting in a surplus of supply. At P2, supply exceeds demand, implying that businesses have surplus inventory they can't sell. There is a Q3-Q2 surplus. In a free market, the market price should fall to P1, where demand equals supply.
Answer:
The populist movement
Explanation:
The grassroot movement refers to a type of movements that was conducted on local level, but intended to create changes on larger level (states or national level).
The Populist movement were initially started in local area within the southern and mid-western states. At that time, a group of farmers gathered together to create a party that represent their interest. They faced an economic difficulty due to the abuse of power conducted by the railroads company who impose a really high tariffs for the product distribution.
At first , their movement failed. But their ideals were carried out by the next generation who eventually founded the progressive party. This party managed to influence the government to pass series of laws to promote worker's right such as Imposing a maximum price for different type of products, minimum wage, maximum working hours, Subsidies for farmers, etc.
