The answer depends on a crucial information that it is not provided, the purchasing power of those potential customers, but it still it is possible to reason how the demand and supply of membership would work.
- Surplus of memberships would take place when in the gym market there is a shortage of demand. This situation occurs when there are less customers willing to purchase the product at 45$ than the number of memberships that are available. To claim if this is the case in the example we would need to know the structure of the demand function in this market.
- Shortage of memberships takes place when in the gym market there is a excess of demand. The price is afforded by a number of customers which exceeds the amount of memberships available. Therefore, some rationing mechanism would be necessary to fix who will get the membership and who will not. Again, it would be necessary to know who the demand function works.
<em>Slater Designed the first textile factories in the United States, was the first entrepreneur to build a textile mill powered by water on American soil.</em>
Letter A is correct I think but don't rely on me too much K
Maybe the one at the bottom
Answer:
It's Union
Explanation:
The Union was the northern cluster of states that wanted to stay with the United States during the Civil War. What we now call the South would be considered the Confederacy, which wanted to leave the United States and be on their own for many different reasons including taxes and slavery. Hope that helped, I'm not good and explaining things.
