In a free market economy, the supply of a particular type of basketball sneaker is low, but the demand for it is high. how will the price of this particular type of basketball sneaker be affected? a) it is impossible to know. b) it will remain the same. c) it will fall. d) it will rise

The correct answer is “D) It will rise”.

Indeed, a basic capitalistic principle is the relationship between supply and demand. If such basketball is in high demand, the producers will raise the prices since they will consider that since people want it so much, they will be willing to pay even the highest prices they can pay to get it. Producers might even reduce the supply to further increase the prices and they often do. A good example is pharmaceutical corporations that raise the price of cancer and AIDS medication that is cheaply produced because it is in high demand due to the AIDS and Cancer epidemics. The medication usually is produced at a cost that is completely disconnected to the level of the prices that are charged.

council members were chosen randomly, and men could present laws for debate in assembly.

a yes vote means: the legislature, with a two-thirds vote, could change daylight saving time if the change is allowed by the federal government. absent any legislative change, california would maintain its current daylight saving time period