if the price level in an economy is 120 and the equilibrium price level is 100, _____.

Answers

Answer 1

Competitive equilibrium:

Competitive equilibrium is a traditional concept where there is an interaction of market forces such as supply and demand responding to prices, while prices respond to supply and demand.

Price and output are determined at the equilibrium, it is the point where demand is equal to supply.

At equilibrium, the price is such that the quantity demanded is equal to the quantity supplied.

If the price level in an economy is 120 and the equilibrium price level is 100, the quantity demanded would be less than the quantity supplied. Resulting in a surplus.

when this occurs in the market, there is downward pressure on the price by the seller.

Thus, the price will decrease and the decline will continue until prices reach the point where the quantity supplied and quantity demand are equal and there is no longer a surplus.

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Related Questions

loose, water-saturated sediments may undergo ________ during an earthquake.

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This process can occur in loose, water-saturated strata; when an earthquake shakes, the water-saturated material turns fluid, causing subsidence, fracture, and horizontal sliding of the ground surface.

Solid rock causes more shaking and building damage than loose, wet soils at some time during an earthquake. As a result of stresses, rocks deform and rupture, causing earthquakes to occur.

When an earthquake surprise occurs in wet soils, the water-filled pore spaces disintegrate, reducing the overall volume of the soil. By using this method, the water pressure between individual soil grains is raised, allowing the grains to move freely inside the watery matrix.

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The vast majority of all sedimentary rocks are sandstones, limestones and ________.
A) shales B) diamonds C) magmas D) detritus E) schists

Answers

Sandstones, limestones, and shales make up the great majority of sedimentary rocks.

The majority of sedimentary rocks consist of what?

Quartz (siliciclastic rocks) or calcite make up the majority of sedimentary rocks (carbonate rocks). A sedimentary rock often only contains a small number of distinct main minerals, as opposed to igneous and metamorphic rocks. However, a sedimentary rock's mineral genesis is frequently more convoluted than an igneous rock's.

Which two primary categories best describe sedimentary rocks?

Clastic or chemical rocks make up the majority of sedimentary rock types. There is a third category of organic sedimentary rocks. Sediments make up the rocks of clastic sedimentary types.

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How would a geologist use absolute dating to determine the age of sedimentary layers?

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Radioactive dating is used by scientists to establish the absolute age of a sedimentary rock. This is accomplished by determining the age of the rock particles.

What is absolute dating?

In archaeology and geology, absolute dating is the method of identifying an age based on a specific chronology. Some scientists prefer the words chronometric or calendar dating because the phrase "absolute" suggests an overly confident level of precision.

Absolute dating methods estimate the age of rocks by detecting the radioactive decay of isotopes or the impact of radiation on the mineral crystal structure. Paleomagnetism determines the age of rocks by measuring the ancient orientation of the Earth's magnetic field.

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1.The peeling of thin layers of stone off a large rock is ________. A) carbonation B) explosion
C) hydrolysis D) exfoliation E) scree

Answers

Answer:

D) Exfoliation

Explanation:

exfoliation (flaking) is an early stage of peeling

A 200m long wave is in 1000m of water. This wave is a


a. Deep water wave


b. Transitional Wave


c. Not enough information


d. Shallow water wave

Answers

Answer:

a deep water wave due to the recent of the dependent variable

Answer:
A-a deep water wave

What are three questions that can help figure out why rain forests are dying out?
my ADHD is making it hard to focus on stuff so i need help:(

Answers

Answer:

Rainforests are dying because people cut many trees

People also burns garbage

People are making factories and deforestating the rainforest

What was one of the first Europeans to explore Africa?

Answers

The first European to carefully explore Africa and the marine route to the Indies was the Portuguese explorer Prince Henry, also known as the Navigator.

Around 45,000 years ago, hunter-gatherers—modern humans descended from African hominins—arrived in Europe. Neolithic farmers from what is now Turkey joined them in southern Europe about 6000 B.C. before moving further into the continent. Then the Yamnaya arrived from Russia.Antam Gonclaves and Nuno Tristao, two of Henry's captains, each left on their own in 1441 towards Cape Bianco on the west coast of Africa. They came to a market run by black Muslims in white robes and turbans to the south of the Cape.

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The deep- and intermediate waters in the __________ Ocean are the oldest in the world's oceans.
a- Southern
b- Pacific
C-Indian

Answers

The deep and intermediate waters in the pacific Ocean are the oldest in the world's oceans. so the correct answer is B.

What's an ocean?

The ocean is a sea that is formed from masses of salt water that stretch wide. At least, there are 5 oceans in the world. The largest oceans cover a third of the earth's surface.

There are 5 types of oceans in the world, namely:

Pacific Ocean.Atlantic Ocean.Indian Ocean.Arctic Ocean.Antarctic Ocean / Southern Ocean.

The oldest on this list is the Pacific Ocean, which is about 180 million years old. In addition, it is also the most extensive, covering 46 percent of all the oceans on earth.

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the largest geographic feature on the surface of planet earth is __________.

Answers

Answer:

Pacific Ocean

Explanation:

I search it on flashcards I think t that's right

what percentage of NC river land drains to the Mississippi river​

Answers

Answer:

5.15% to about 10% sorry i could not give you an exact

gravity is the main force impelling movement in all of the following except ________.

Answers

Answer:

Gravity is the main force impelling movement in all of the following except hydrolysis.

How do you convert latitude and longitude to address?

Answers

To convert latitude and longitude to an address, you can use a geocoding service or API. A geocoding service is a tool that converts coordinates to a human-readable address. There are several geocoding services available, including Maps Geocoding API, Bing Maps Geocoding API, and MapQuest Geocoding API.

To use a geocoding service, you will need to provide the latitude and longitude coordinates of the location, as well as a valid API key. The service will then return the address of the location in a machine-readable format, which you can then convert to a human-readable format if needed.

Here is an example of how to use the Maps Geocoding API to convert latitude and longitude to an address:Go to the Maps Geocoding API page.Click on the "Get Started" button and follow the instructions to obtain an API key.Construct a request URL.Replace "outputFormat" with the format you want to receive the response in and "parameters" with the appropriate parameters for your request.Send the request to the API using the request URL and receive the response, which will contain the address of the location.

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Which piece of evidence did Alfred Wegener's original theory of continental drift have access to?

1 reversing paleomagnetism in rocks on the ocean floor

2 a seafloor that was geologically active with earthquakes, volcanoes, and mountain chains

3 mountains in North America appearing to match up with mountains in Northern Europe

4 seafloor spreading at mid-ocean ridges

Answers

1. Reversing paleomagnetism in rocks on the ocean floor

Paleomagnetism indicated that parts of Earth's crust had shifted their positioning over geologic time.

Answer:

3 mountains in North America appearing to match up with mountains in Northern Europe - Wegener's original theory of continental drift was based on the observation that the continental landmasses of the world appeared to fit together like pieces of a jigsaw puzzle. He noticed that the mountain ranges of North America seemed to match up with those of Northern Europe, suggesting that these landmasses had once been connected.

elastic deformation before an earthquake is like _______, whereas rupture is like__________.

Answers

stretching a rubber band; breaking a rubber band

How do we determine the location of a recent earthquake? a. Port video cameras at the Earth's surface to determine which direction the shaking occured b. Measure the amplitude of seismic waves at a single seismic station c. Use seismic records horn three or more seismic stations d. Read newspaper accounts of the earthquake e. None of these answers are correct How much more energy would a magnitude 6 quake release than a magnitude 5 quake? a. About 1/10 as much b. About 20 times more c. Roughly 30 times more d. Roughly 10 times e. About 100 times.

Answers

The  location of a recent earthquake can be determined by using seismic records from three or more seismic stations . Thus, option C is the correct answer.

What is an earthquake?

An earthquake is the shaking of the Earth's surface caused by a sudden release of energy in the Earth's lithosphere, which generates seismic waves.

While earthquake locations are typically determined using a computer that can quickly determine the paths of seismic waves through the Earth to many seismic stations, a map, a ruler, a pencil, and a compass for drawing circles on the map can provide a good estimate of an earthquake location.

Roughly 10 times more energy would a magnitude 6 earthquake release than a magnitude 5 quake.

Therefore, the correct options for both the questions are C and D respectively.

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What are the effect of climate change in Europe?

Answers

Answer:

hope it helpfull <3

Explanation:

Climate change is affecting all European regions. The key climate-related hazards are heat waves and droughts, forest fires, windstorms, heavy rain and floods, sea level rise and storm surges. The impacts of these hazards on ecosystems, human health and society will differ from region to region.

In the late 1700s James Hutton published his important work titled ________.
A)
Catastrophism
B)
Principles of Geology
C)
Modern Earth Science
D)
Theory of the Earth

Answers

B

Explanation:

In the late 1700s James Hutton published his important work title principles of geology.

in the northern hemisphere about ________ percent of the surface is land.
a. 39
b. 13.9
c. .039
d. 91
e. 76

Answers

Answer:

a. 39

Explanation:

Around 40% of the surface is land while the remaining 60% is water.

What was the ocean like 4 billion years ago?

Answers

The ocean, 4 billion years ago, did not have enough oxygen to support life.

The ocean has changed significantly in the last 4 billion years. Research suggests that the ocean was much more acidic and oxygen-poor than it is today.

The temperatures were also much higher, and the ocean was much smaller in size. The lack of oxygen meant that the ocean was home to very few organisms and was far less diverse than it is today. Due to the high temperatures, the ocean lacked the necessary nutrients for more complex lifeforms.

The ocean was also much shallower than it is today, and the landmasses were fewer and much smaller. This drastically different environment meant that the ocean was home to a very different set of species than it is today.

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Why did the United States decide to build a canal through Panama?

Answers

The United States decided to build a canal through Panama because the goal was to ship goods quickly as well as cheaply between the Atlantic and Pacific coasts.

American and British leaders and businessmen, throughout the 1800s, wanted to ship goods cheaply and quickly between the Atlantic and Pacific coasts. So they decided to build a canal through Panama.

The canal was later named the Panama Canal. This canal was completed in 1914. The Panama Canal symbolized US economic power and technological prowess. Even though US control of the canal eventually became an irritant to US-Panamanian relations, it was heralded as a major foreign policy achievement at the time.

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Which of the following would be MOST variable at your location on a day-to-day basis?
A. nitrogen
B. oxygen
C. carbon dioxide
D. ozone
E. water vapor

Answers

A chemical compound (substance) which would be most variable at your location on a day-to-day basis include the following: E. water vapor.

What is a water cycle?

In Science, water cycle is also referred to as hydrologic cycle and it can be defined as a biogeochemical process that is used to describe the continuous movement of water on land, in the atmosphere, and below the surface of planet Earth.

This ultimately implies that, the water cycle is a cycle of processes which involves precipitation as rain and snow and then returns to the atmosphere through evaporation and transpiration, as well as condensation which leads to the formation of clouds.

Based on scientific research and experiments, we can reasonably infer and logically deduce that water vapor is a chemical compound which is most likely variable in any given geographical location on a day-to-day basis because it changes.

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Is there an app to find GPS coordinates?

Answers

Yes, there are several apps that can be used to find GPS coordinates.

These apps use the GPS function on your smartphone or tablet to determine your current location and display the latitude and longitude coordinates. Some examples of apps that can be used to find GPS coordinates include:

GPS Coordinates - Latitude and Longitude Finder: This app allows you to view your current GPS coordinates and share them with others via email or social media.GPS Coordinates App: This app displays your current GPS coordinates and allows you to share them with others via text message or email.GPS Coordinates Finder: This app allows you to view your current GPS coordinates and save them as a waypoint for later reference.My Coordinates - GPS Location: This app displays your current GPS coordinates and allows you to share them with others via social media or email.

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How can you protect your organization on social networking sites ?

Answers

Organizations can protect themselves on social media by establishing policies, monitoring activity, educating employees, using privacy settings, being cautious with personal information, using strong passwords, being aware of phishing scams, and using two-factor authentication.

There are several ways that organizations can protect themselves on social networking sites:

Establish social media policies: Organizations can establish social media policies that outline appropriate behavior and use of social media by employees.Monitor social media activity: Organizations can monitor social media activity to identify potential risks and take appropriate action.Educate employees: Organizations can educate employees on the risks of social media and the importance of maintaining privacy and security on these platforms.Use privacy settings: Organizations can use the privacy settings available on social media platforms to control who can see their content and activity.Be cautious with personal information: Organizations should be cautious about sharing personal information, such as contact details and financial information, on social media.Use strong passwords: Organizations should use strong passwords and regularly update them to protect their accounts on social media platforms.Be aware of phishing scams: Organizations should be aware of phishing scams and other types of social engineering that can be used to gain access to their accounts.Use two-factor authentication: Organizations can use two-factor authentication to add an extra layer of security to their accounts on social media platforms.

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tuvalu and the maldives are in the international spotlight because they ________.

Answers

may be the first nations to be completely flooded by rising sea levels

world map scavenger hunt

Answers

I don’t see a world or a map

geologic formation caused by two diverging continental plates

Answers

When two continental plates diverge, an ocean basin in created because of separation of land.

There are many different geological features that can be formed due to tectonic plate movement. Fault lines, ocean trenches, underwater mountains are all the features that can be formed at the boundary of two meeting tectonic plates.

If two tectonic plates move in the same direction, they eventually collide and this process is called subduction. The direct result of subduction is deep oceanic trenches. Earthquakes are a common occurrence at subduction zones.

When plates move yaw from each other, this phenomenon is called divergent plate boundary. The result of this is underwater mountain ranges that are formed in the lithosphere of the earth's surface.

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Answer: When the continental plates diverge they cause the formation of mountains.

Explanation: When continental plates collide, mountains formed.

Continental plates have greater density, sometimes reaching lower then the mantel. When these plates collides, other than mountain formation, some subduction can occur. The effects of these boundaries often include a wide-ranging and creased mountain range, intense crumpling, faulting and a condensed, thickened area inside the collision zone.

Where plates meet in plate tectonics, three types of boundaries form: convergent, divergent and transform. Convergent boundaries include when two continental plates collide, two oceanic plates converge or when an oceanic plate meets a continental plate.

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What era was 3.8 billion years ago?

Answers

It was Archean era 3.8 billion years ago.

The Archean era, around 3.8 billion years ago, marked the beginning of life on Earth. During this time, the first single-celled organisms began to emerge, paving the way for all life to come.

This era was crucial for the development of the planet, as it laid the groundwork for the creation of much of the world’s modern ecosystems.

During this time, the Earth was also undergoing tremendous changes, from the formation of its core to the emergence of its continents. All of these changes and developments were essential for the world to become what it is today.

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____ was a form of casual walking in the British countryside that was seen as a response to the city life of the Industrial Revolution

Answers

Rambling was a form of casual walking in the British countryside that was seen as a response to the city life of the Industrial Revolution.

The industrial revolution led to a significant increase in urbanization and industrialization, which in turn led to the rise of a new urban working class. As a result, many people began to feel the need to escape the crowded and polluted cities and enjoy the natural beauty of the countryside.

Rambling, also known as hillwalking or hiking, became a popular pastime among working-class people who sought to escape the stress and pollution of city life. This led to the formation of rambling clubs and societies, which organized walks and hikes in the countryside for members.

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What were the Europeans interested in when they first came to Africa?

Answers

The reason behind the interest were- Raw materials like rubber, timber, diamonds, and gold were found in Africa. Europeans also wanted to protect trade routes.

About 45,000 years ago, hunter-gatherers—modern humans descended from African hominins—arrived in Europe. Neolithic farmers from the modern-day Turkish region had already migrated to southern Europe by 6000 B.C. before moving farther north. Then the Yamnaya arrived from Russia.Two of Henry's captains, Nuno Tristao and Antam Gonclaves, separately sailed to Cape Bianco on Africa's west coast in 1441. A market run by black Muslims in white robes and turbans was located south of the Cape.

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When did the US give control of the canal back to Panama Why?

Answers

On December 31, 1999, the United States officially handed the Panama Canal over to Panama's government, ending a long saga that had started a century and a half earlier. American dominance over the Canal started to wane in 1978, when the United States and Panama approved the Torrijos-Carter Treaties.

Panama's recovery period

To restore Panama which was destroyed by the operation, the US disbursed US$420 million in aid. but it turns out that as much as 25% of the funds or around 108 million US dollars were used to improve US banks in Panama. Meanwhile, 75% of the funds are used to repair canals, train police, improve public facilities and others.

After Noriega, thanks to the support and US funding of 10 million dollars, Panama held general elections to elect a president which eventually elected the US president, Guillerimo Endara.

It turns out that Endara is not much different from Noriega, in that he owns a business sharpened with cocaine and is a tool for the US to carry out money laundering from the narcotics business in Panama. Endara, who rules with an iron fist, uses Noriega's followers as bodyguards and managers of the narcotics business, has money laundering facilities, including the construction of condominiums and luxury housing in Miami as well as livestock and property businesses in Florida. Funds disbursed from Endara for this purpose are more than 350 million US dollars.

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