The laws that established an official system of slavery in the American colonies stated that children could not be born into slavery. allowed enslaved people to go free if they had been indentured.
It was important because it supported the Hanseatic trade route in the Baltik and the canal needed to be built between major trading cities. This was one of the great examples of co operation across borders in the North Europe in the area of free trade.
Answer:
people thought turkeys were gods
Explanation:
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.
