If the quantity supplied is greater than the quantity demanded, what must happen to the price in order to reach equilibrium? the price of the product will increase to meet equilibrium. the price of the product will decrease to meet equilibrium. supply and demand must be raised. supply and demand must be lowered.

Suppose that a flower nursery benefits from having a butterfly farm located only a few miles away, because the presence of the insects greatly improves flower pollination. lawyers for the two companies meet to draft a legal document specifying the number of butterflies the farm promises to maintain in exchange for payments to be made by the nursery. which of the following types of private solutions to the externality of pollination has occurred in this case? charities moral codes and social sanctions integration of different types of businesses contracts it’s important to note that sometimes private solutions to externalities do not work. for example, this occurs when communications barriers or social customs are important enough relative to the potential gains involved that (a) the government must step in (b) the private solution is not feasible (c) the market system has a crisis

Which of the following best completes the diagram above? a. land ordinance b. northwest ordinance c. revolutionary war d. shays' rebellion

What words in the preamble to the constitution reflect the principle of popular sovereignty