How does supply and demand of goods and services affect Louisiana's economy

Social Studies

1 answer:

Sedaia [141]2 years ago

5 0

Answer:

It's a fundamental economic principle that when supply exceeds demand for a good or service, prices fall. When demand exceeds supply, prices tend to rise. ... However, when demand increases and supply remains the same, the higher demand leads to a higher equilibrium price and vice versa.

You might be interested in

I have a question: I was looking through the Medicine part and answered some questions and their was one that said 'what would h

Sloan [31]

Because they were most likely looking for sympathy and weren’t FOR REAL asking what would happen if they shoot themselves. They probably thought you were being cold and selfish when you weren’t. Hope this maybe helps! :)

4 0

2 years ago

Any two feature of society

Tatiana [17]

Any two features of society are: 

1. Strong mutual bond.

2. Dynamic and progressive .

7 0

3 years ago

Those who argue that one s ethical values must be evaluated in terms of one s culture and traditions are called

QveST [7]

Those who argue that ones ethical values must be evaluated in terms of ones culture and traditions are called moral relativists

3 0

3 years ago

According to the school of ethical universalism 26) A) concepts of what is ethical and what is unethical are socially determined

katrin [286]

I don’t really know I need some one to help me I need moeny to live can you send me money on

7 0

3 years ago

Assess an argument do you agree with locke’s assertion that ""the reason why men enter into society is the preservation of their

alexira [117]

The reason why men enter into society is the preservation of their property

<h3>What is property?</h3>

Any item over which a person or a business has legal title is considered property. Property can refer to either tangible items, such as houses, cars, or appliances, or intangible items with the promise of future value, such as stock and bond certificates.

There are three types of property in economics and political economy: private property, public property, and collective property (also called cooperative property).

Property is divided into two types: corporeal property and incorporeal property. Corporeal Property is seen and touched, whereas incorporeal Property is not. Furthermore, corporeal Property is the right to material possession, whereas incorporeal Property is an incorporeal right in rem.

To know more about property follow the link:

brainly.com/question/1538726

#SPJ4

3 0

1 year ago