A market is said to be in equilibrium if the supply and demand curve intersects.
<u>Explanation</u>:
A supply of a certain product meets the demand of that product i.e., if the "supply" and "demand" of the product is equal, then the market is at "equilibrium". The price corresponding to it is then called a market-clearing price or equilibrium price whereas the quantity is known as the equilibrium quantity. But this comes with two conditions of surplus and shortage when there is a change in the supply and demand curve. So, a market to be at equilibrium having an equilibrium price, it is always important that the supply meets the demand.
Answer:
Victory of Hitler in attacking Poland encouraged him to attack Denmark and Norway. Later on he attacked Netherlands, Belgium and France. It is such that gave Germany the audacity to launch warfare on Great Britain. Hitler felt that the only way to make Britain surrender was to attack Soviet Union.
Explanation:
The Great Depression also allowed authoritarian rulers to come to power, which moved the world closer to war. One major effect of World War II was the use of nuclear weapons in war, which would later lead to the Cold War.
The cultural revolution began in the 14th century and ended in the 17th, hope this helps
