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.
It’s gonna be B I believe so
There is ample time in hunter-gatherers' lives for leisure activities, including games of many sorts, playful religious ceremonies, making and playing musical instruments, singing, dancing, traveling to other bands to visit friends and relatives, gossiping, and just lying around and relaxing.
Among their distinguishing characteristics, the hunter-gatherers actively killed animals for food instead of scavenging meat left behind by other predators and devised ways of setting aside vegetation for consumption at a later date.
Conclusion. Excepting outside forces such as violence and disease, hunter-gatherers can live to approximately 70 years of age. With this life expectancy, hunter-gatherers are not dissimilar to individuals living in developed countries.
<em>-</em><em> </em><em>BRAINLIEST</em><em> answerer</em><em> ❤️</em>
<span>Mesopotamia is considered the birthplace of the plow
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