I think is e is the answer
The intersection between the upward sloping function (the supply curve) and the downward sloping function (the demand curve) is the equilibrium price of the market, the point at which the wishes of consumers and suppliers meet.
The graph described should be like the one attached. The example includes the demand and supply curves and the equilibrium price of a market of agricultural products.
When the economic authorities set a minimum price (also called price floor), above the equilibrium price there is a situation of excess supply.
- Producers are willing to produce a larger quantity in the price floor scenario, as they will earn a higher price per unit commercialized.
- Consumers are willing to consume a smaller amount of product units at a more expensive prices.
The wishes of producers and consumers do not meet in the price floor situation, the quantity supplied is larger than the quantity demanded and therefore there is an excess supply.
The 19th Century invention that led to increased imperialism because of its efficiency and better communication was the telegraph/telephone.
Scottish emigrants Alexander Graham Bell was the first to be granted a patent for the device in 1876. For the first time clear voice communication could be heard across long distances.
Answer:
This principle of overlap, rather than separation of religion and state in India was further recognized in a series of constitutional amendments starting with Article 290 in 1956, to the addition of word 'secular' to the Preamble of Indian Constitution in 1975.
Explanation:
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