Equilibrium occurs when supply and demand coordinate to:
(B) set prices and production.
Market equilibrium is achieved when supply and demand are equal. This would happen when prices and production are maintained at levels where demand and supply remain consistent. Economic theory proposes that there is a particular price for a product or service which brings demand and supply into balance, which economists term the equilibrium price. In typical markets, equilibrium is not achieved as a constant state of affairs. Rather, supply and demand will fluctuate around what would be the theoretical equilibrium price. If prices rise due to high demand, this signals producers to expand production to meet the demand for greater supply. If there is too much supply available, market prices will drop as suppliers work to sell their surpluses.
They offered workers the opportunity to earn higher wages
I think it is this one I might be wrong
The Virginia Plan called for a bicameral legislature, but the New Jersey Plan called for a unicameral legislature. The Virginia Plan gave power to the National government to tax but the New Jersey Plan gave power to the States to tax. The Virginia Plan had numbers in house based on population, but the New Jersey Plan had number of representatives equal from each state.
Answer:
it enabled countries to afford large armies
Explanation:
