1. Define "equilibrium price" and name the mechanism for setting this price in a free-
market system.

Answers

Answer 1
Economic theory suggests that, in a free market there will be a single price which brings demand and supply into balance, called equilibrium price. Both parties require the scarce resource that the other has and hence there is a considerable incentive to engage in an exchange.
Answer 2

According to economic theory, there will only be one price, known as the equilibrium price, in a free market that balances supply and demand.

There is a strong incentive to exchange since both parties need the limited resource that the other has. Demand and supply forces are balanced at an equilibrium price. Prices have a propensity to revert to this equilibrium unless certain demand or supply characteristics alter. When demand, supply, or both move or change, the equilibrium price will change.

The market mechanism, also known as the pricing mechanism, is founded on the idea of equilibrium, which holds that a market price is determined when supply and demand are equal.

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Related Questions

I need help pliss help me

Answers

Where is your question?

Answer

Explanation:

i dont know know what you talking about

Practicing social equality and upholding the interests of the common people. a Democratic b Emancipation c Fundamental Rights d Expansionism

Answers

Answer:

A.

Explanation:

Democratic progressiveness is what best fits the desceiption.

Democratic is the process of Practicing social equality and upholding the interests of the common people.

What is democracy?

Democracy is a system of government, whereby people are allowed to have some sort of control in decision making.

Hence, Democratic is the process of Practicing social equality and upholding the interests of the common people.

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how did NATO contribute to the cold war

Answers

Answer:

During the Cold War, NATO focused on collective defence and the protection of its members from potential threats emanating from the Soviet Union. With the collapse of the Soviet Union and the rise of non-state actors affecting international security, many new security threats emerged

Explanation:

Hope this helps!

where was the us in schindlers list

Answers

In Kraków during World War II
In Kraków during World War II, the Germans force local Polish Jews into the overcrowded Kraków Ghetto. Oskar Schindler, an ethnic German from Czechoslovakia, arrives in the city, hoping to make his fortune.

Can somebody please help

Answers

Looks like global awareness

Answer:

person above is very correct it is global awareness

Explanation:


7. After King Louis XIII died, his son Louis XIV took over, how old was Louis XIV?
7
b. 6
C 5
d. 8

Answers

Answer:

C

Explanation:

he actually took the throne at the age of 4 and 8 months.

Which recent trend best supports the prediction that Louisiana will grow more culturally diverse in the 21st century?

There is increasing tourist interest in Louisiana’s cuisine, music, and natural features.

There are growing levels of support and funding for the comprehensive Coast 2050 project.

There is a greater acceptance among state leaders for legalized gambling and the lottery.

There are improved storm-warning systems and stronger levees around the coastal cities.

Answers

Answer:

There is increasing tourist interest in Louisiana’s cuisine, music, and natural features.

Explanation:

Just took the test.

Definition project: You will notice that some of the words in the preamble are capitalized when normally they would not be. These key words are words that the Founders wanted to emphasize. List and define these key words to know if one is to understand the preamble to the Constitution.

Answers

Answer:

By including it and capitalizing it, it shows that issues such as poverty are a concern of the government. Other words such as, "Order" and "Justice" are also capitalized to show that it is significant and crucial.

USE FOR MASTERY Which of the following have happened since September 11, 2001? Choose two correct statements. A terrorist group called al-Qaeda was formed. George W. Bush became President. Saddam Hussein became the dictator of Iraq, Joy The USA Patriot Act was signed into law. The Department of Homeland Security was established. SES​

Answers

Answer:

USA patriot ACT and . The Department of Homeland Security was established.

Explanation:

looked it up

How did Pope Urban unite his forces so they would be willing to go to war despite a lack of biblical justification for doing so?

Answers

He made a rallying cry that "God wills it."

In 1095, during the increased conflicts between Muslims and Christians in Europe. Pope Urban II charged all the Christians alike to reclaim the Holy Land from the Muslims. To call for action. He claimed that "God wills it" to take the territory. The speech acted as a rallying cry or speech for the Christians.

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What was the biggest obstacle to women gaining more rights in the 1800s?

Answers

Answer:

Women did not have the right to vote

Explanation:

Answer:

Basically it was the fact that they were WOMEN,and that men didnt really think that women should be included in anything,they thought all women were good for was,Sex,Cleaning the house,and making babies yes

Explanation: :D hope it help

There are only 3 requirements to be president of the US
True
False

Answers

Answer:

True

Explanation:

must be a natural born citizen of the United States, a resident for 14 years, and 35 years of age or older.

True gfffsbhsvsysyssgsgdgys

What 2 countries did nixon visit to keep divided

Answers

Answer:

China and the Soviet Union

Explanation:

U.S. President Richard Nixon's 1972 visit to the People's Republic of China was an important strategic and diplomatic overture that marked the culmination of the Nixon administration's resumption of harmonious relations between the United States and mainland China after years of diplomatic isolation.

Answer:

U.S. abd mainland China

i guess

Explanation:

what were the objects Raju normally went for but had decided involved too much trouble​

Answers

Raju bought a book for Rs 35.65. He gave Rs 50 to the shopkeeper.

Help!
Q 1. How did new inventions help advance the growth of the industry?

Q 2. According to our reading, who invented the telephone in 1876?

Q 3. How did electricity change communications?

Answers

I answer only Q 1. answer: the new invention is the new program to help humans to level up and have a new journey.

Explanation:

Q 1. They changed how things were powered, how goods were manufactured

, how people communicated, and the way goods were transportation.

Q 2. Alexander Graham Bell

Q 3. It allowed cellphones to be made and allowed messages to be sent.

Hope I helped.

During the Civil War, Texas troops serving in the Trans-Mississippi department helped to defend which area?

Answers

In 1863, General Edmund Kirby Smith took command of the Confederate Trans-Mississippi Department, and unsuccessfully tried to relieve the siege of Vicksburg by Lt. Gen. Ulysses S. Grant on the opposite eastern banks of the Mississippi River in the state of Mississippi.

True or false? Islam is an Abrahamic tradition, as are Judaism and Christianity.
Group of answer choices

True

False

Answers

Answer:true

Explanation:

Answer:

True this was the right answer

Explanation:

plz mark me brain list

Which number on the map represents the continent's of Antártica?

A) 3

B) 5

C) 6

D) 7

Answers

Answer:   7

The answer is 7 :)

Answer:

D) 7

Explanation:

So, there are 7 continents in the world. That is:

-Africa

-Asia

-Australia

-Antarctica

-Europe

-North America

-South America

Humans live on every continent except Antarctica. Why? Because it's FREEZING, it's very very very cold. Why is cold? Because it is at the very bottom of the globe and far far away from the equator. That is why, on a map you will notice that Antarctica is white and covered in snow. :)

So, just remember that!

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Have a nice day, fam. Spread The Love <3

Why did Progressives want a national income tax?

Answers

Ans: National income tax was a key victory for progressives after Gilded Age when money ruled. A century ago, progressives instituted a national income tax with the idea that those who made more would pay a higher rate than those who made less.


What characteristics of Mongols may have helped them conquer and rule a great
part of Asia ?

Answers

Answer:

The Mongol empire spared teachers of taxation and led to the great spread of printing all over East Asia. They also helped the rise of an educated class in Korea. ... Under Mongols there was a fantastic “free trade area” that connected most of the known world.

Human knowledge doubles every _____.

12 to 18 months
2 years
5 weeks
4 years

Correct answer os 12 to 18 months not 5 weeks

Answers

Confirmed Answer: 12 to 18 months

From the Odyessyware passage:

Although a tremendous number of changes have occurred in the past twenty years, it is only the beginning. Depending on the source you read, it is estimated that human knowledge doubles every 12 to 18 months! Think about it. Everything we have ever learned about—from the discovery of fire to the invention of computers—pales in comparison to how much is being learned today.

Bible characters that managed their time well and how they managed their time

Answers

Answer: Joseph, Daniel and Nehemiah managed their time well and achieved great results

Explanation:

The following are Bible characters who managed their time well and how they managed it;

1) Joseph; despite the ugly situations he faced for being hated by his siblings Joseph was one individual who managed his time well. He spent most of his time either explaining dreams or managing his master's properties till he became the prime minister of Egypt. He managed his time well by not allowing the ugly states he went through to define him rather to keep working on those moments till the best time came.

2) Daniel; Daniel was one principled man in the Bible. It was recorded that he prayed thrice a day, this implies that he had a schedule which would also mean that he understood what time management meant. He served in the cabinet of the king and his wisdom was second to none based on the decisions he took.

3) Nehemiah; Nehemiah understood how important time was. He was responsible for the rebuilding of the Jerusalem walls. He was a leader that had a focus, he guided Isrealites through building the wall day and night and it was completed in no distant time despite the distractions.

PLEASE HELP WITH THIS !!

Answers

Answer:

6. She wanted to Show how awful The slave system was.

7.It helped people see how inhuman and cruel the slave system was.

Which is a component of the modern Democratic Party’s platform?

extending the role of government into industries that have been traditionally private, like healthcare
reducing government oversight of economic practices
reducing the role of government in industries that have been traditionally private, like energy production
expanding investment in national defense

Answers

Answer: extending the role of government into industries that have been traditionally private, like healthcare.

Explanation:

The modern Democratic Party platform emphasizes equal opportunity for all and social equality.

According to the democratic ideology, government should partake in the sensitive areas in the society and get more involved with the people.

The correct option is "extending the role of government into industries that have been traditionally private, like healthcare".

Answer:

A

Explanation:

edge

Why did Muslim hostility grow against the United States in the Middle East?

Answers

Answer: Depends on what time period, the most recent would probably be that we sent our Military in to areas around predominantly Muslim countries, and didn't teach our soldiers to respect the local religion. Israel, would be another big factor we created and helped Israel, they are a Jewish country surrounded by Muslim countries.

Explanation:

Which of the following are examples of political revolutions in history

Answers

Answer:

Notable revolutions in recent centuries include the creation of the United States through the American Revolutionary War (1775–1783), the French Revolution (1789–1799), the Spanish American wars of independence (1808–1826), the European Revolutions of 1848, the Russian Revolution in 1917, the Chinese Revolution

The names and duties of state executive departments vary from state to state.
Please select the best answer from the choices provided
т
F

Answers

It is the truth, for that statement

how do members of labor unions use collective bargaining, strikes, picketing, and boycotts to negotiate a change in play or working conditions?

Answers

Answer:

Explanation:

Occasionally, workers decide to strike without the sanction of a labor union. ... Unions faced with a strikebreaking situation may try to inhibit the use of ... collective bargaining: A method of negotiation in which employees negotiate as a ... to convince union members to abandon the strike and cross the union's picket line.

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How did the allegiances impact the Cold War?

Answers

Answer:

The cold war world was shaped and divided by political and military alliances. The best known of these alliances were NATO and the warshaw pact formed in europe.

Explanation:

hope that helps :)

What was the role of the War Production Board?
to build nuclear weapons
O to blow up Japan
to collect scrap iron and tin cans to recycle
none of the above

Answers

the answer is C. they wanted to get all of the scrap
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You invest $500 in an account that pays 6% interest compounded continuously. Howmuch will be in the account after 6 years? HELP PLS ITS DUE 11:59 Complete with the preterite of ir. Reminder - No accents are to be used in this section.WILL GIVE BRAINLIST, if you scam I report! Which equation has the solution x = 2? A 2x-3=19B 3x+2=8C 4x-4=-4D 5x+1=10 Solve and check each equation below . show all work . 24=g+14. f-9=12 Which of the following are the main parts of the cardiovascular system?A. thymus, lymph, lymph nodes, spleen, and tonsilsB. esophagus, stomach, small intestine, and large intestineC. nose, pharynx, larynx, trachea, and lungs D. heart, arteries, capillaries, and vinesPls, help! I am currently taking a test with this question on it! I will mark brainliest if u are correct! Which phrase would you use to tell someone that something was "unforgettable"? A. increble B. inolvidable C. a menudo D. pobre What speed would a plane average on a tripof 4000 miles that took 6 hours?(A) 150.0 miles per hour(B) 666.6 miles per hour(C) 366.6 miles per hour(D) 1500.0 miles per hour A triangular prism has a height of 9 meters and a triangular base with the following dimensions.What is the volume of the prism?- 420 m^3- 288 m^3- 324 m^3- 432 m^3 Let x and y be inversely related. If x is 5 when yis 6, find y when x is 3. . In the hands of someone with harmful intentions, how can analogies prove to be dangerous tools?A)Analogies can create long-lasting confusion that prevents people from making decisions.B)Analogies make significant connections seem far less powerful than they actually are.C)Analogies meant to persuade or influence people are often disguised as explanations.D)Analogies, even weak and misleading ones, can be powerful tools of persuasion. HELP PLZ BRAINIEST TO WHOEVER RIGHT Please answer the question below fully will mark brainliest 11. Which of the following statements is not true about the role ofjudgement in developmentally appropriate practice? 1A. Two properly trained teachers would make the same judgment about agiven situation.B. Judgments are based on what teachers know about children's familyand community relationship.C. Judgments involve interpretations.D. Judgment are based on what teachers know about child development. used to make composite images of suspects based on the victim's description: Explain the difference between an exothermic and an endothermic reaction. As the older sibling of a 13-year-old sister, you want to help her enjoy her adolescent years, and particularly the adventure of romance that is likely to unfold for her. Having read about the development of romantic relationships during adolescence, you now feel you are in a better position to talk to her about some potential issues, such as the effects of early dating and the increase of violence in dating relationships. What will you tell her on the first one shows you how to solve it then second one is the problem just tell me the answer pls have a good day bye what organization or program interests you the most? What is the distance between 2 points is called:A. DensityB. MassC. Length