Answer:
Explanation:
Example
Let us take this slowly by considering a bicycle. You are given 1 bicycle and you wish to sell it. 4 people are interested and think your price is fair.
so the supply is 1 bicycle
and the demand is 4 people
If those people are want the bicycle equally, what do you think could happen to the price of the bicycle? Shouldn't it go up? Especially if they are all willing to make side deals.
Supply: 1 bicycle
Demand: 4 people
Price goes up.
Now go back.
Suppose you have 10 bicycles and only 8 people are bidding on them. They are not really that interested. So you have to lower the price until someone bites.
Supply: 10 bicycles
Demand: 8 people.
Price goes down. The supply exceeds the demand.
This answer to this problem is 64
Answer:
Your answers are most likely B C and D or B and C
Explanation:
Why 1807 significant
The members of the Society for the Abolition of the Slave Trade decided to concentrate on a campaign to persuade Parliament to prohibit the trading in slaves, for tactical reasons. They felt they were more likely to succeed, than if they demanded the abolition of slavery itself throughout the empire.
Why 1833 significant
The British Parliament passes the Slavery Abolition Act 1833, ultimately giving slaves in much of the British Empire their freedom (enacted 1834).
Credicts to the owner
Limited business affair control through the government and social reform
