Foreign leaders helped train the continental army, CCCCCC
We can consider some of these factors
Human population – each community is composed of different and varied individuals or group of individuals. Without the human population there would be no society as a whole.
Resources – natural or man-made. These resources help the society and community function effectively and efficiently. Primary needs are the fundamental resources every community has to have in order to survive and follows other various equipment they use to make gather and develop goods.
Government – Without the state of order and peace. Without law and governance there would be chaos. Anarchy could be also a form of government, this word is mostly mistaken. Going back to government, what matters here is the would be a body who can lead the people or the people to lead themselves.
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.
Askia Muhammad ruled the Songhai Empire in West Africa.
King Sundiata ruled the Mali Empire in West Africa.
Ewuare ruled the Benin Empire in West Africa.
King Ezana ruled the Kingdom of Aksum in East Africa.
The answer is D.
