The law of Demand and Supply states the price for a certain good will reach equilibrium when it represents the maximum amount the common customer is willing to pay for a determined good or service. In other words, when a product is subject to growing demand, this will probably mean that the price will rise until demand meets supply at a determined price (equilibrium price). If a seller puts a price above the "equilibrium" price, the consumer will either shift to a substitute product or desist in buying a product completely.
It helps consumers tell producers when prices are too high.
b. social prestige or honor control of
c. information econd.omic class
I chose a. power. There people in society although not wealthy may hold some kind of power to change things enforce some policies. People who are in law enforcement are good examples because they may not be wealthy but they hold considerable sway because of the badge and the authority that comes with it.
Answer:
True
Explanation:
In general, the advantage of having a saving account (as opposed to a chequings one) is that the bank entitles the holder to interest on the deposited money. This is expressed in a document called savings certificate, or promisory note. The existence of this document ensures that the holder can save more money quickly.
A. The Robbers Cave experiment
B. The Stanford prison experiment
C. The contact hypothesis experiment
D. Jane Elliott's class experiment
Answer:
B The Stanford prison experiment