A graph of supply and demand. Price is on the vertical axis, and quantity is on the horizontal axis. Demand and supply curves meet at an equilibrium.

The graph above shows the concept of “supply and demand.” This is a vital part of Adam Smith’s ideas, and a foundation of economics. To help you interpret it, think about a product, like ice cream. “Supply” is how much ice cream is available. “Demand” is how much people are willing to pay for it.

How much does ice cream cost? If there is a high supply, ice cream will be cheap. Maybe the store will have a sale. Once people see that there is cheap ice cream, they will buy more of it. Demand goes up. As people eat more ice cream, the supply goes down. Now that there is less ice cream, people are willing to pay more. The price goes up. If the price goes up high enough, ice cream makers are motivated to make more ice cream.

In this system, no one “decides” what the price will be. Customers respond to the price and the supply. Makers and sellers respond to the demand. The price rises and falls. It naturally finds a “correct” place.

Have you ever had an experience with supply and demand? Do you know about something that became valuable because it was rare? Or something that got cheap because there was too much of it? Describe your experience.


This is discussion board.

Answers

Answer 1

Answer:

because it was rare?or great

Answer 2
because it’s rare ???

Related Questions

What impact did the establishment of churches have on freed African-Americans during the Reconstruction Era?

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Blacks had gained more rights. The Thirteenth Amendment banned slavery in the country. The Fourteenth Amendment said that blacks in the country were now citizens. Blacks also had gained the right to vote.
They were granted rights and the 14th amendment

I need help with this

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Answer:

Women in Sparta had more rights than women in Athens. Spartan women could inherit property, own wealth and property. While Athenia women could do none of these.

Explanation:

You can fix this however you like but there it is!

Women in Sparta had more rights. You can do this but

What was the feeling of German people towards the Treaty

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They were outraged and protested in the streets.
They responded by retaliation because they were in fact unhappy about the Treaty

Q10.
What is recycling?
A. to use waste such as plastic and paper in the production of other products
B. Cleaning the environment
C. Taking care of the environment

Answers

Correct answer is A.
a!
b would be incorrect because cleaning the environment does not involve taking things and making new things out of them. same with c. :)

What was life like living in a home-like Webb's Cabin?

Answers

Answer:

Explanation: what are the options?

Answer:

cozy........ i think.

Explanation:

PLEASE HELP NEED THIS IN 5 MIN.NO LINKS! WILL MARK YOU BRAINLIEST

Answers

Answer:

May I please have the options?

Explanation:

The word samurai comes from the Japanese verb saburau, which means to serve someone and look up to them.

In a couple of sentences or more, compare and contrast Buddhism and Hinduism.

Answers

Answer:

z

Explanation:

Hinduism is a polytheistic religion with hundreds of gods. Buddhism doesn't have a godly figure, but follows Siddhartha Gautama, also known as Buddha, into nirvana, or a state of enlightenment. When it comes to life after death, in Hinduism, reincarnation is believed to happen, called samsara. In Buddhism, once one reaches nirvana, it is said that all paths of pain and suffering are ended. Hinduism is one of the most common religions today, practiced mainly in India. Buddhism made its way up the Silk Road into East Asia, where it is also still practiced. Both religions originated in India.

They are polytheistic

Please help will mark you brainliest

Answers

Answer:

i think it might be A.

i hope this was helpful

Explanation:

The central idea of the paragraph is about the way the Incas would breed alpacas before they were conquered by Spain.

FREEDMEN'S VILLAGE, 1866. - The freedman's settlement at Trent River, North Carolina. Wood engraving from an American newspaper of 1866.
WHICH AMENDMENT IS SHOWN HERE?

Answers

Jelly is in krunker

Bbbbb
The 13th amendment I believe

After the civil war the 13th amendment emancipated all of the United States

In three to five sentences, explain President Lyndon Johnson’s support of social programs to improve the country.

Answers

Answer:

Johnson studied at the University of Michigan in Ann Arbor and later became known for his domestic agenda. The main goal was to eradicate poverty and racial injustice completely. During this time, new major spending programs focused on education, medical care, urban issues, rural poverty, and transportation.

Explanation:

the land area of which a stream gets its water is

Answers

if it’s a land area it will most likely be a mountain and land mass
It may be a Watershed

Explanation:

A Watershed is a area of land that drains streams and waterfalls to A outlet( a area that connects the 2). It may be a outflow of a reservoir, mouth of any type of bay, and anything that connects it self to a stream.

Name two goods and one religion that traveled along the Silk Road?

Answers

Silk went westward, and wools, gold, and silver went east. China also received Nestorian Christianity and Buddhism (from India) via the Silk Road.
wool, gold, and silver. Buddhism

list 3 new facts you learned about memorial day from Flocabulary.

Answers

Answer:

5 Facts About Memorial Day's History and Meaning

Memorial Day Was Originally Named 'Decoration Day'

May 30 Was Chosen as the Observation Day Because Flowers Are in Bloom.

Memorial Day Was Declared a National Holiday in 1971. ...

The Official Birthplace of Memorial Day is Waterloo, New York.

The National Moment of Remembrance is at 3 p.m. Monday.

Answer/Explanation:

-Major General John A. Logan made Memorial day official.

-Memorial Day was originally known as Decoration Day.

-CBS HELPED IDENTIFY ONE OF THE UNKNOWN SOLDIERS.

How did freedmen become a part of United States politics?

Answers

The Civil Rights Act of 1866, passed over the veto of President Andrew Johnson, gave ex-slaves full citizenship (except for voting) in the United States. ... The era of Reconstruction was an attempt to establish new governments in the former Confederacy and to bring freedmen into society as voting citizens.

The Freedmen's Bureau provided food, housing and medical aid, established schools and offered legal assistance. It also attempted to settle former slaves on land confiscated or abandoned during the war.

In what ways have high-speed rail services transformed travel in East Asia?

Answers

Answer:

The high speed tracks in East Asia were very efficient and have transformed Asia into a modern continent.

Make travel faster and safer and the country more advanced

- beneficios de las instituciones económicas y políticas
- propuestas de las instituciones económicas y políticas

Answers

Answer:

se aseguran de que los recursos se asignen adecuadamente y de que los pobres o aquellos con menos recursos económicos estén protegidos. Se ganan la confianza al permitir la política y la justicia.

Explanation:

Sorry don’t understand.

In three to five sentences, examine how the arms race during the Cold War increased tensions.

Answers

In 1949 the USA and USSR were at an arms race for nuclear warfare weaponry because the USSR had tested its first atomic bomb and then the USA had to do the same and develop better weaponry or try to so that way if the USSR strikes the USA then they were able to strike back. Many in the USA believed that it was the end once the USSR made an atomic bomb and even prepared children to take gas masks to school because of how much the USA thought they would be eventually nuked by the USSR.

In 1949, the United States and the Soviet Union were engaged in a nuclear arms race because the Soviet Union had tested its first atomic bomb.

How Cold War increased tensions?

The United States was not only the one to have power at the time of independence, but soviet unions also have immense powers. One heightened with the threat of atomic weapons and it has came to dominate global politics.

Thus, In 1949, the United States and the Soviet Union were engaged in a nuclear arms race.

For more information about Cold War, click here:

https://brainly.com/question/12698715

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Even though the Han Dynastic period is not considered a Golden Age by historians, it is seen as very important to the Chinese people. In fact, some Chinese people today refer to the themselves as “Sons of the Han.” Why do you think this might be so?

PLS ANSWER NO LINK

Answers

The Chinese People refer to themselves as “Sons Of The Han,” because the name “Han” is from the Han Dynasty that made China into one country. The “Sons of Han,” may be used for people with a shared history of the past from their ancestors and cultural traditions associated with it.

Hope this makes do for an answer!

People today still refer them as the “son of the han” is because they believe to keep their culture alive and going so they will refer themselves as the “Sons of the Han”

How did Julius Caesar rise to power in Rome? Give 3 reasons
Ch. 11/L-3 pg. 3-4
simple sentences plz
will give brainlest

Answers

Answer:

Julius Caesar began his rise to power in 60 B.C.E. by forging an alliance with another general, Pompey, and a wealthy patrician, Crassus. ... Upon his return, Caesar made himself dictator and absolute ruler of Rome and its territories. During his rule, he enacted several reforms.

Explanation:

thank me later

Your company sells solar panels to local neighborhoods. Another solar panel company has just opened in your town. Which of the determinants of supply apply to this scenario?

A. Taxes and Subsidies
B. Technology advancements
C. Number of Producers

Answers

Answer:

B.

Explanation:

The answer is option B

What is one effect of deforestation?

A. soil erosion
B. air pollution
C. water pollution
D. earthquakes

Answers

Answer:

a soil erosion

Explanation:

the roots of plants hold soil together and prevent their removal.

so deforestation increases soil erosion

pls mark me as the brainliest

Answer:

A soil erosion

Explanation:

The loss of trees and other vegetation can cause climate change, desertification, soil erosion, fewer crops, flooding, increased greenhouse gases in the atmosphere, and a host of problems for indigenous people.

Historians often categorize periods of history as “Golden Ages,” which are times of great peace and achievement. Yet Han rule is NOT considered a Golden Age. Why do you think historians don’t see it as such?

Answers

The corruption at the end of the Eastern Han Dynasty was so bad that the people revolted.

In the last decades, two emperors named Emperor Huan (132–168) and Emperor Ling (156–189) lived decadent lives. It was said that they spent their time with hundreds of concubines and let the eunuchs rule the empire. Assassinations and fighting between rivals for power was common all over the empire, and the empire's money was wasted for luxuries during this time of crisis.

The peasants were oppressed by high taxes and believed a series of devastating natural disasters were a sign that Emperor Ling was corrupt and had lost the Mandate of Heaven. So the peasants and others rebelled in various places. The widespread Yellow Turban Rebellion and the Five Pecks of Rice Rebellion in Sichuan both started in 184. The first rebel armies were defeated in most of the empire except Sichuan.

What is a benefit of New Zealand’s location on the Ring of Fire

Answers

It can create more jobs

It could also potentially make another super continent someday
i actually reviewed this a couple weeks ago. so a benefit can be soil growth like more things growing like vegetables.

These are definitions, what are the words for each definition? GIVING BRAINLYY
Formed in response to the creation of NATO.
An alliance created to prevent Communism.
An event created in order to force West Berlin to join with East Germany’s Communist ways.
A race to see who could create the most nuclear weapons.
Countries that were dependent on the USSR.
A faith in war and military power.
Biased information used to influence public opinion.
A strong feeling of pride for one's country.
The closing off of a port or harbor to prevent entrance or exit.
Countries that help one another in war.

Answers

Answer:

1. Warsaw Pact

2. South East Asia Treaty Organization

3. Berlin Blocktrade

4. Arms race

5. Armenia,  Azerbaijan , Belarus , Estonia , Georgia, Kazakhstan , Kyrgyzstan , Latvia , Lithuania , Moldova , Russia , Tajikistan , Turkmenistan , Ukraine, Uzbekistan (As I don't know the time period this is being asked for, this is my best answer).

6. Militarism

7. Propaganda

8. Nationalism

9. Blockade

10. Allies

He nailed it. All correct

The Supreme court is the highest federal court in the United States *

A.True
B.False

Answers

Answer:

True

Explanation:

The Supreme Court of the United States is the highest court in the land and the only part of tye federal judiciary specifically required by the Constitution. The Constitution dose not stipulate the number of Supreme Court Justices the number is set instead by Congress.

Hope this

helps :)

Answer:

True

Explanation:

The Supreme Court of the United States is the country's highest court. Article III of the United States Constitution The Supreme Court was established by the Constitution, which also gave Congress the power to adopt laws establishing a system of inferior courts.

Hope this helps :)

Someone help me please? I need this turned in today. Also it's a part of my grade. No links please.

Answers

Answer:

Uranium

Explanation:

you can find this out because wind, water and solar are all renewable energy sources

it’s d my friend, wind will always be here, water will always be here, solar energy is from the sun. uranium is like coal, only what it here from way back then is what we have

Can somebody help me, please? This is due tomorrow in the morning. NO LINKS PLEASE

Answers

1 is yes


2 is the water spreads through ocean says
1.) No
2.) I dont have the answer for this one, might be beginning
3.) Increased
4.) depend, adapt, and modify
5.) treaty
6.) Sustainable development is a process in which there is an equalized environmental, economic, and social need change in order to aid with issues in different countries. It allows countries to adapt to everyday oppositions when it comes to protecting natural resources(for example: climate change)

Who would have written this Autobiography?

TABLE OF CONTENTS:

CHAPTER 1
My life as a sailor and captain in the Union Navy...........................5

CHAPTER 2
I had to be brave and courageous………23

CHAPTER 3
My time in the U.S. House of Representatives…36

Group of answer choices

Frederick Douglass

Harriet Tubman

Clara Barton

Robert Smalls

Answers

Robert smalls would be the House of Representatives one, I believe Harriet Tubman would say “I had to be brave and courageous….” And Douglas would be the sailor. I hope this helps I did this unit about a month ago
the answer is Fredrick Douglas he wrote the auto biography
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