Theocracy, the Pharaoh was seen as a god, and had complete control over the country.
When the price of the good is above 50 dollars the quantity demanded would be less than 100 units.
<h3>How does price affect demand?</h3>
The price of a good is known to have an inverse relationship with the quantity of the good that would be bought by its consumers.
The equilibrium price and quantity is at 50 $ and 100 respectively. If the price of the commodity rises above 50, people would demand less for the good.
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The Whiskey Rebellion was a significant event in American history because it proved that the U.S. government was willing and able to suppress violent opposition with military force. The events during this rebellion also played a significant role in the development of political parties.
