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Shalnov [3]
3 years ago
12

What aspect of the representative democracy model does the cartoon illustrate?

Advanced Placement (AP)
1 answer:
Norma-Jean [14]3 years ago
4 0

It should be noted that a representative democracy simply means a form of democracy where the people for their representatives.

This is an incomplete information as the cartoon isn't provided. Therefore, an overview of the topic will be given.

A representative democracy establishes election procedures, separation of powers, checks and balances, etc. Examples of countries that use this form of democracy are India, United States, etc.

Learn more about democracy on:

brainly.com/question/26103028

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Assuming the government sets the ceiling below the equilibrium price (where supply and demand cross), demand will be higher while supply will be lower. This is due to the fact that consumers want to buy more since the drinks are cheaper, and producers want to produce fewer bottles since they are not making as much money. This creates a shortage.

The new quantity supplied will be where the supply curve crosses the horizontal price ceiling line, and the new quantity demanded will be where the demand curve crosses the price ceiling.

If we were to draw the graph of supply and demand, the area to the left of the equilibrium point and between the supply and demand curves represents total surplus. The area above the equilibrium price (NOT the price ceiling) and below demand is consumer surplus because there is extra value that consumers are willing to pay, however they don't have to because the price is lower. The area below the equilibrium price and above supply is producer surplus because The price is higher than the minimum value the producer has for the product.

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