whom did the athenians view as the founding father of athenian democracy
Answers
The Athenians view Cleisthenes as the founding father of Athenian democracy.
What is Athenian democracy?
Athenian democracy was established in Athens in the fifth century BCE. Athens was a direct democracy, which means that everyone participated directly in governance, rather than indirectly through representatives. Athenians had an excellent respect for individual rights. The Athenian democracy provided equality for the citizens of Athens regardless of their class or social status. The Athenian democracy allowed for men to participate in the democratic process and vote on laws that would affect their daily lives. There were women in Athens, but they had no voting rights, and their lives were strictly regulated by men, including their fathers and husbands.
Athenian democracy is considered to be the prototype of modern democracy. Athenian democracy was a direct democracy, which means that all Athenian citizens could participate in the governing process. It was founded in Athens in the fifth century BCE by Cleisthenes, who is considered the father of Athenian democracy.
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Related Questions
Why does a person become an addict? long answer
Answers
Answer:
Factors such as peer pressure, physical abuse, early exposure to drugs, stress, and parental guidance can greatly affect a person's likelihood of drug use and addiction.
Why does a person become an addict:
~When people begin using drugs, the way the brain functions begins to change. Drugs have an effect on the way the brain communicates, and they can affect the way nerve cells send, receive, and interpret information. There are two ways this disruption of the brain can happen:
○by imitating the brain’s natural chemical messengers
and...
○by overstimulating the “reward circuit” of the brain.“Tricking” your brain
by overstimulating the “reward circuit” of the brain.“Tricking” your brainThe brain’s response is different depending on the type of drug being used. For example, some drugs have a similar makeup as the neurotransmitters in the brain. Neurotransmitters are chemicals in the brain that allow the body to communicate. When drugs such as marijuana are introduced into the brain, their similarities in makeup can trick the brain and result in abnormal messages being sent. However, when other drugs, such as cocaine or meth, are introduced into the body, the nerves in the brain can overreact and release larger than normal amounts of neurotransmitters. These types of drugs can also interfere with the way the brain typically recycles chemicals, resulting in an overload of dopamine, which is responsible for emotions, movements, and pleasure/pain. Because dopamine produces a high, this is generally an enjoyable feeling. The body starts to associate this feeling with drugs, which in result means a person continues to use to reach that same high. As the body does with many substances, it eventually begins to adjust to the effects of the drug, until a higher dose of the drug is necessary in order to reach the same high as before. This is why a drug addict’s use likely escalates over time – because the body is becoming used to the substance and more is required to evoke the same high. This begins a vicious cycle because the addict will continue to use and continue to up the amount of drugs being used as their tolerance builds. In short, the brain can’t tell the difference between where pleasure is coming from and reacts the same way (by releasing dopamine) whether it be because of a drug, a monetary reward, a sexual encounter, exercising or eating something that tastes good.
Hope this helped you- have a good day bro cya)
Can someone please tell me what the points are for?
Answers
Which statement about the location of Japan in relation to the Korean Peninsula is correct? A. Japan lies to the north of the Korean Peninsula, the land masses separated by the Yellow Sea. B. Japan lies to the south of the Korean Peninsula, the land masses separated by the Yellow Sea. Japan lies to the east of the Korean Peninsula, the land masses separated by the Sea of Japan. D. Japan lies to the west of the Korean Peninsula, the land masses separated by the Sea of Japan.
Answers
Answer: A
Explanation: A is the answer, but it might switch the letters around
Japan is situated in respect to the Korean Peninsula at The Yellow Sea divides the two land masses, with Japan to the north of the Korean Peninsula. Consequently, option (A) is the best choice.
What is the Korean Peninsula known for?The Korean peninsula continues to be one of the most dramatic geopolitical spots in the globe, influencing regional security and peace while serving as a barometer for ties between powerful nations.
The North Korean regime's nuclear and ballistic missile programs continue to be a big concern, and China
which is North Korea's most important ally, has helped impose stringent sanctions in an effort to lessen the threat it poses. The regime in North Korean Peninsula seems to favor the status quo above the unpredictability that would inevitably accompany major change.
Research from Chatham House also explores the significance of other regional players, such as China, Japan, South Korea, and Australia, and looks at how European nations may reduce the likelihood of war by spending more money on establishing their own economic and security ties in the area.
Hence the correct option is (A).
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the missionaries and cannibals problem is usually stated as follows. three missionaries and three cannibals are on one side of a river, along with a boat that can hold one or two people. find a way to get everyone to the other side without ever leaving a group of missionaries in one place outnumbered by the cannibals in that plac
Answers
A triple, (m c b), can be used to symbolize a state, where m represents the number of missionaries on the left, c the number of cannibals on the left, and b the right or left bank of the boat.
What are missionaries ?A missionary is a member of a religious organization who is sent into a community to spread their religion or offer services to the local populace, such as economic growth, education, health care, and social justice.
As he sends the disciples into regions and orders them to proclaim the gospel in his name, Jesus Christ is quoted as saying the word in the Latin translation of the Bible.
The phrase is most usually used in regard to Christian missions, although it can also be used in reference to any belief or ideology.
The first Buddhist missionaries were known as "Dharma Bhanaks," and some believe that the Buddhist wheel, which is meant to tour the world spreading Buddhism, carries a missionary responsibility.
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The four criteria for negligence include A Duty, acceptance, offer, denial B Duty, breach of duty, proximate cause, damages C Damages, foreseeability, causation, challenges D All of the above E A and C from above, only
Answers
D. All of the above E A and C from above, only. The four criteria for negligence are All of the above. The criteria for negligence include:
1) Duty: The defendant owed a duty of care to the plaintiff.
2) Breach of duty: The defendant breached their duty of care.
3) Proximate cause: The defendant's breach of duty was the direct cause of the plaintiff's injuries or damages.
4) Damages: The plaintiff suffered actual damages or harm as a result of the defendant's actions.
These criteria collectively establish the basis for a negligence claim. The defendant must have had a duty to exercise reasonable care, breached that duty, and caused harm or damages to the plaintiff. Additionally, the harm suffered by the plaintiff must be a reasonably foreseeable consequence of the defendant's actions.
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What were some of the challenges the early colonists faced in Roanoke?
Someone answer this question quick please.
Answers
Answer: Food and conflicts
Explanation:
Some of the challenges and problems the early colonists faced in Roanoke were known as also the two main problems they had which were food and conflicts.
It was a problem for them to get food and they tried to get food from England sometimes which took them 10 weeks.
Another problem was deadly conflicts with Native Americans.
A group of students protesting unsafe walking conditions, stand
on a crosswalk preventing traffic from moving. Would you consider
this unlawful assembly? Support your answer.
Answers
Yes, group of students protesting unsafe walking conditions, stand
on a crosswalk preventing traffic from moving. Would you consider
this unlawful assembly.
blocking a crosswalk and preventing traffic from moving can be considered an unlawful assembly. This action disrupts the normal flow of traffic and can pose safety hazards.
Additionally, it may violate laws related to obstruction, public order, or traffic regulations, depending on the jurisdiction. Such conduct can impede the rights of others and potentially lead to accidents or delays in emergency service . However, the specific legal consequences may vary depending on local laws and the circumstances of the protest.
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how did most average americans respond to the democratic-republicans parties efforts to use federal power to invest in infrastructure
Answers
Most average Americans responded positively to the Democratic-Republicans parties' efforts to use federal power to invest in infrastructure. This was especially true in the southern and western regions of the United States, where the construction of roads and canals had been held back by a lack of investment.
However, this was not the case for everyone. The Federalists, who were the opposition to the Democratic-Republicans, objected to the use of federal power and often argued that such initiatives would waste taxpayers' money.
Some wealthy individuals, particularly those in the northern regions of the country, also opposed federal investment in infrastructure because it might reduce their profits. The Federalists' and rich individuals' arguments,
however, were not well received by most average Americans, who saw federal investment in infrastructure as a way to create jobs, promote commerce, and improve the nation's economic development.
As a result, most people were in favor of the Democratic-Republicans' initiative, and the construction of roads and canals grew in popularity in the United States.
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how have changes in texas state law made after the state's system of school finance was ruled unconstitutional in edgewood v. kirby affected school district funding disparities?
Answers
Texas supreme court have changes in texas state law made after the state's system of school finance was ruled unconstitutional in edgewood v. kirby affected school district funding disparities
Demetrio Rodriguez and other parents of Mexican American students in San Antonio's Edgewood Independent School District filed a class action suit in U.S. Texas' public school finance system is being challenged in federal court. The state of Texas appropriated funds to provide each child with a basic education under the Texas system. Each local school district then supplemented that fundamental education with funds raised through locally levied ad valorem property taxes. Because the value of taxable property and the number of school-aged children varied so widely across the state's school districts, there were significant interdistrict disparities in available enrichment revenues, per-pupil expenditures, and tax rates.
The plaintiffs contended that this resulted in better education for students in wealthier school districts and worse education for students in poorer districts, constituting a violation of the Fourteenth Amendment to the United States Constitution's equal protection clause. Constitution. A three-judge panel of the United States The District Court unanimously ruled that education was a fundamental constitutional right and that wealth-based classifications like those created by Texas were unconstitutional. On appeal, the United States The Supreme Court reversed the lower court's decision in San Antonio Independent School District v. Rodriguez by a 5-4 vote in 1973, preserving Texas' public school finance system.The majority argued that education is not a fundamental right because it is not explicitly or implicitly guaranteed by the United States. Constitution.
Texas enacted a series of "equalization" reforms in the decade following Rodriguez, but these failed to significantly reduce interdistrict disparities in access to resources, per-pupil expenditures, and tax rates. With recourse to the United States The U.S. Constitution and federal courts are barred by the U.S. Following the Supreme Court's decision in Rodriguez, the Mexican American Legal Defense and Education Fund (MALDEF) filed a lawsuit in a Texas District Court against Texas Commissioner of Education William Kirby and others on behalf of the Edgewood Independent School District, other school districts, Rodriguez, and other parents of Mexican American students. They claimed that the state's public school finance system was unconstitutional.The District Court ruled in favor of the plaintiffs in 1987, ruling that Texas' public school finance system was unconstitutional. The District Court mandated that the Texas Legislature devise a more equitable system by 1989. The state appealed this decision to a three-judge panel of Texas' Third Court of Appeals, which reversed the District Court's decision on the grounds that education was not a basic right and also ruled that Texas' public school financing system was constitutional. Edgewood Independent School District and other plaintiffs filed an appeal with the Texas Supreme Court.
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Texas supreme court have changes in texas state law made after the state's system of school finance was ruled unconstitutional in edgewood v. kirby affected school district funding disparities.
Demetrio Rodriguez and other parents of Mexican American students in San Antonio's Edgewood Independent School District filed a class action suit in U.S. Texas' public school finance system is being challenged in federal court. The state of Texas appropriated funds to provide each child with a basic education under the Texas system. Each local school district then supplemented that fundamental education with funds raised through locally levied ad valorem property taxes. Because the value of taxable property and the number of school-aged children varied so widely across the state's school districts, there were significant interdistrict disparities in available enrichment revenues, per-pupil expenditures, and tax rates.
The plaintiffs contended that this resulted in better education for students in wealthier school districts and worse education for students in poorer districts, constituting a violation of the Fourteenth Amendment to the United States Constitution's equal protection clause. Constitution. A three-judge panel of the United States The District Court unanimously ruled that education was a fundamental constitutional right and that wealth-based classifications like those created by Texas were unconstitutional. On appeal, the United States The Supreme Court reversed the lower court's decision in San Antonio Independent School District v. Rodriguez by a 5-4 vote in 1973, preserving Texas' public school finance system.The majority argued that education is not a fundamental right because it is not explicitly or implicitly guaranteed by the United States. Constitution.
Texas enacted a series of "equalization" reforms in the decade following Rodriguez, but these failed to significantly reduce interdistrict disparities in access to resources, per-pupil expenditures, and tax rates. With recourse to the United States The U.S. Constitution and federal courts are barred by the U.S. Following the Supreme Court's decision in Rodriguez, the Mexican American Legal Defense and Education Fund (MALDEF) filed a lawsuit in a Texas District Court against Texas Commissioner of Education William Kirby and others on behalf of the Edgewood Independent School District, other school districts, Rodriguez, and other parents of Mexican American students. They claimed that the state's public school finance system was unconstitutional.The District Court ruled in favor of the plaintiffs in 1987, ruling that Texas' public school finance system was unconstitutional. The District Court mandated that the Texas Legislature devise a more equitable system by 1989. The state appealed this decision to a three-judge panel of Texas' Third Court of Appeals, which reversed the District Court's decision on the grounds that education was not a basic right and also ruled that Texas' public school financing system was constitutional. Edgewood Independent School District and other plaintiffs filed an appeal with the Texas Supreme Court.
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According to the county election, who participated in elections in the mid nineteenth century?.
Answers
Passed via way of means of Congress June 4, 1919, and ratified on August 18, 1920, the nineteenth modification granted ladies the proper to vote.
The nineteenth modification legally ensures American ladies the proper to vote. Achieving this milestone required a prolonged and tough struggle—victory took a long time of agitation and protest. Beginning withinside the mid-nineteenth century, numerous generations of lady suffrage supporters lectured, wrote, marched, lobbied, and practiced civil disobedience to acquire what many Americans taken into consideration an intensive extrade of the Constitution. Few early supporters lived to look very last victory in 1920. In the nineteenth century, a number of of recent strategies for carrying out American election campaigns evolved withinside the United States.
For the maximum element the strategies had been original, now no longer copied from Europe or everywhere else The campaigns had been additionally modified via way of means of a wellknown expansion of the vote casting franchise—the states started out doing away with or lowering belongings and tax qualifications for suffrage and via way of means of the early nineteenth century the first-rate majority of loose grownup white adult males ought to vote (Rhode Island refused till a severe riot happened in 1844). During the Reconstruction Era, Republicans in Congress used the navy to create a biracial electorate, however whilst the troops had been eliminated in 1877, blacks step by step misplaced political energy withinside the an increasing number of one-celebration South. After 1890 blacks normally misplaced the vote withinside the South.
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What is it called when someone is being forced to testify?
Answers
The Fifth Amendment's protection is expanded in this situation since the witness is the criminal defendant. defendants in crimes.
What is the practice of coercing witnesses to testify known as?A subpoena is a legal summons requiring a witness to appear in court or to provide certain evidence. If you need to compel someone to testify for you, you and your lawyer must ask the court for a subpoena and provide justification for the subpoena.
When must you appear in court, what is it called?A subpoena is an official court summons to appear. If you disobey the order, the court will hold you in contempt. You may be subject to incarceration or a hefty fine for disregarding the Subpoena Both criminal and civil proceedings require subpoenas. They can be distributed to anyone who might be able to provide insight into the situation.
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Based on this cartoon, what was a goal of the Freedmen's Bureau?
Answers
Answer: protect freed american ppl
Explanation:
the bureau was created to protect the african americans and help them succeed on their free journey
Antonio has $750,000. He has three banks and/or credit unions to
put his money in. In order to be protected by insurance from the
financial institutions, how much of that money can he put into each
institution to be protected?
(This is Economics but they don't have the topic so I had to pick social studies.)
Answers
Answer:
250,000
Explanation:
I think this is it. I just divided the number by three
what life was like in a typical Spanish settlement in North America.
Answers
Answer: Life was horrible, the living conditions was poor.
Explanation:
help!!! this is my last question!!
Answers
Answer:
electoral college i believe
Explanation:
:) hope this is right
What is the main point of Plato Republic?
Answers
Plato's Republic is a philosophical work that explores the nature of justice and the ideal society. Written in the form of a dialogue between several characters, the main point of Plato's Republic is to examine the nature of justice and how it can be achieved in a society.
One of the main themes in Plato's Republic is the concept of the "noble lie." This is the idea that in order for a society to function justly, it is sometimes necessary for leaders to tell falsehoods to the people in order to maintain order and stability.
Plato argues that this is necessary because the people are not capable of understanding the true nature of justice and the ideal society.
Another key theme in Plato's Republic is the concept of the "philosopher-king." This is the idea that the ideal ruler of a society is someone who has a deep understanding of the nature of justice and the good life.
Plato argues that only someone with this understanding can truly govern justly and create an ideal society.
Plato also talks about the idea of the "cave allegory" where the prisoners are chained in a cave, unable to move and only able to see shadows on the wall, this is used to explain the difference between knowledge of reality and knowledge of appearance, and how the philosopher has to leave the cave and understand the reality to be able to govern justly.
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Which statement is true about the free enterprise system?
Answers
Answer:
more info please
Explanation:
The answer is A
It allows the citizen to own and operate private business for profit.
In a free enterprise system, anyone is allowed to own, operate, and profit from a business. If the individual adheres to a set of rules and regulations, then he or she will be permitted to do so.
Who is the current prime minister of India
Answers
Answer:
Narendra Modi is the current prime minister of india
Answer:
Narendra Modi
Explanation:
Hitler was a clear _____.
Answers
Answer: Bad person
Explanation: He was such a terrible person.
Answer: Enemy
Explanation: “We were brought up on good guys and bad guys. We go back and talk about our westerns that way.”
What should I add to enhance the appearance of coconut pudding?
Answers
Answer:
Some coconut shavings on the top and server the pudding inside of a coconut shell
Explanation:
Why would a writer choose to use a variety of sentences?
Answers
Answer:
To give writing versatility and allow the reader to have a greater understanding of the meaning conveyed by the text.
Explanation:
When a writer uses a variety of sentences in his text, he shows not only the versatility of his writing, but the concern that the reader will be able to understand the meaning of the text in a dynamic and exciting way.
This is because the variety of sentences leaves the text dynamic and allows each sentence to complement the other by showing ideas that provide the basis for statements, support and even explanations.
how are children exploited in our society
Answers
Answer:
Human trafficking and social media
Explanation:
Answer:
Trafficked children are often subjected to violence, abuse and other human rights violations. And some may be forced to break the law. For girls, the threat of sexual exploitation looms large, while boys may be exploited by armed forces or groups.
Explanation:
Jw since ur a cat did you want some catnip? XD
It is normal for children to recite numbers out of order when they are first learning to count
Answers
in the trolley car examples, a consequentialist moral reasoning would support flipping the switch and throwing the man off the bridge because those actions would lead to more people surviving. true or false?
Answers
In the trolley car examples, a consequentialist moral reasoning would support flipping the switch and throwing the man off the bridge because those actions would lead to more people surviving is true.
As the trolley trouble runs its course, consequentialists generally tend to undertake one in all strategies: (a) silently take consolation withinside the truth that deontological opponents face their personal enduring difficulties, or (b) enchantment to cognitive psychology to discredit the deontological intuitions on which the trolley trouble depends.
In reaction to the Problem, philosophers stimulated via way of means of Kant have argued that one ought now no longer to apply humans as a method to store others, so it'd be morally proper to influence the trolley far from the five, however morally incorrect to push the fats man.
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The first step in determining a source is to?
A.uncover objective ideas
B. Examine motive
C. Identify the subject
D. Determine bias
Answers
Answer:
identify the subject
Explanation:
answer on e2020
The first step in determining a source is to Identify the subject. Thus the correct potion is C.
What is the Source?A source is referred to as a platform from where the information is collected. This source defines the credibility and authenticity of the information being used in any work.
Finding out more about the author of a source is one of the first steps in analyzing it, and doing so can assist determine the source's accuracy and viability for use in research.
A first informational platform can occasionally be found by just typing the author's name into a search engine. You can tell if a writer has experience by looking up the author's educational background and areas of specialization.
Therefore, option C Identifies the subject is appropriate.
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Marcus is taking advanced placement chemistry in high school because he loves science and is fascinated by chemistry experimentation. Wade is taking advanced placement chemistry because his guidance counselor told him he had to if he intended to apply to a pre-med program at a competitive university. Marcus is motivated by _____, while Wade is motivated by _____.
Answers
Answer:
intrinsic; extrinsic
Explanation:
quizlet
one of the strengths of victimization surveys is that they capture victimless crimes, such as illegal drug use and prostitution. true false
Answers
The given statement, "One of the strengths of victimization surveys is that they capture victimless crimes, such as illegal drug use and prostitution" is true (T), because victimization surveys are surveys that collect information about the experiences of individuals with crime, including both reported and unreported crimes.
One of the strengths of these surveys is that they are able to capture information about victimless crimes, such as illegal drug use and prostitution. This is because these surveys typically ask respondents about a wide range of criminal behaviors, and are not limited to just those crimes that have been reported to law enforcement. Additionally, these surveys often use anonymous or confidential reporting methods, which can increase the likelihood that individuals will disclose information about sensitive or stigmatized behaviors. This allows for a more comprehensive understanding of criminal activity in a given community or population.
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why is it important to vote for a governor who has been through
life experiences?
Answers
It is important to vote for a governor who has been through life experiences because their personal experiences provide them with a deeper understanding of the challenges and issues faced by the general public.
Voting for a governor who has been through life experiences brings several advantages. Firstly, personal experiences can shape an individual's values, beliefs, and priorities. A governor who has faced various life challenges and overcome obstacles may have a greater understanding of the struggles faced by ordinary citizens. This empathy and relatability can lead to policies and initiatives that directly address the concerns of the people.Secondly, personal experiences provide governors with practical insights into the realities of different communities and sectors. They may have firsthand knowledge of issues such as healthcare, education, or employment, which can inform their decision-making processes and policy formulation. By drawing on their own experiences, they can better advocate for and represent the interests of diverse groups within society.Lastly, life experiences can contribute to a governor's ability to navigate complex situations and make sound judgments. Having faced personal trials, they may have developed resilience, problem-solving skills, and a broader perspective on various issues. This can equip them to make informed decisions that consider multiple factors and potential consequences.Overall, electing a governor with life experiences ensures a more nuanced and inclusive approach to governance. Their personal journey equips them with insights and qualities that enable them to better understand and serve the needs of the people, making them effective leaders in addressing societal challenges.To know more about governor
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What is the role of the people in the process of development?
Answers
Answer:
People play a vital role in the process of development. The people contributes significantly in the development works of a nation as every people have unique talent, skills and abilities that are helpful for development.
Explanation:
It is the people who create wealth which adds up to the economy of the nation.
Supply and Demand
In the Chapter 4 Exercises section, complete the matching and multiple-choice questions.
Supply and Demand
Read this assignment. Then read Chapter 4 in your textbook.
What Are the Laws of Supply and Demand?
Demand is the amount of a good or service that buyers are willing and able to purchase at any price. Price and demand have an inverse relationship, meaning that as price goes up, the amount demanded of the product goes down. This relationship is known as the law of demand.
Why does demand change in the opposite direction of price change?
At a lower price, people can afford to buy more of an item than they can at a higher price.
At lower prices, people tend to buy things as a substitute for something else.
When thinking about demand, make sure to consider opportunity cost. A lower price means a lower opportunity cost. A person is giving up less by deciding to use limited resources on a cheap product; therefore, more people demand that product.
Another reason for the inverse relationship between price and quantity demanded is a concept known as the law of diminishing marginal utility. Utility is an economic term for the enjoyment or usefulness a person gets out of making a decision or consuming a product. As you consume more and more of a specific good, your enjoyment of that good tends to decrease with each additional good consumed. For example, a person may greatly enjoy the first slice of pizza he or she eats, still enjoy the second slice (if to a lesser degree), and as he or she begins filling up on pizza, enjoy the third slice least of the three. Because of this diminishing enjoyment, prices need to be lower before the second or third or fourth items are bought and consumed.
The rate with which quantity demands changes in reaction to a price change will vary, depending on the elasticity of demand of that product or service. Goods that are elastic will experience a large reaction to a change in price.
Supply is the amount of a good or service that’s offered up for sale at all prices. The law of supply states that more of an item will be offered for sale at a higher price than at a lower price. When you think about this law, it makes sense. Sellers want to maximize their profits, and if the price of a good increases, it's a good idea to offer more of that product for sale. An industry with higher prices may attract more businesses to join it.
Just like demand, supply may be elastic or inelastic. Elastic means a big reaction to a change in price, so inelastic means a small reaction to a change in price. An elastic supply means that the business or industry is in a position to quickly increase production in reaction to a price increase. An inelastic supply is one for which it's difficult to increase production, even with a large increase in price.
How Do Changes in Supply and Demand Affect Price?
Infographics show Nonprice factors affecting demand and Nonprice factors affecting supply.Nonprice Factors that Affect Supply and Demand
Up until now, we've looked at reaction to price change. This section deals with how the amount supplied and demanded might change regardless of price.
Be sure to read pages 57–59 of your textbook for an in-depth explanation of the non-price factors affecting supply and demand. With all other factors held constant, an increase in demand or a decrease in supply will result in a price increase. A decrease in demand or an increase in supply will result in a price decrease.
Why Are Prices Important in a Market Economy?
In a market economy, prices act as signals to buyers and sellers, encourage efficient production, and determine who will receive the items produced. Prices constantly fluctuate with changes in supply and demand and act as an indicator of what an economy feels the value of any given good or service should be. Read about the role of prices on pages 59–60 of your textbook.
Answers
In summary, the laws of supply and demand explain the relationship between price and demand.
How is this so?Demand changes inversely to price, as lower prices increase affordability and lower opportunity cost, leading to increased demand.
The law of diminishing marginal utility also plays a role, where the enjoyment or usefulness of a product decreases with each additional unit consumed.
Supply, on the other hand, increases with higher prices, as sellers seek to maximize profits. Elasticity of demand and supply determines the reaction to price changes.
Prices in a market economy serve as signals, promoting efficient production and allocating goods based on value.
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