Answer:
I believe it was the pilgrims.
Explanation:
The pilgrims were the first group to settle in Massachusetts.
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.
The Supreme Court here in Roe v. Wade used the compelling interest test.
To put it simply the compelling interest test is used by the court, federal or state, to check the if the law is constitutionally valid. In the Roe v. Wade case the Supreme Court had to see if the right to privacy of the 14th Amendment is applied to abortion and they decided it did. They used the compelling interest test to balance this with the state's interest in the welfare of women and the potential human life that is the baby. So the court limited state's regulations on abortion.
