In one or two paragraphs, explain how supply and demand help societies determine their answers to these three questions. Be sure to provide an example of the effect of supply and demand on a society's answers?

pls be more elaborate

monarchy doesn’t have to have the hereditary element. there have been elective monarchies in the past where you choose your king-for-life and when he dies elect someone else for the job.

the lowest among the social higher rank were the working class. this class remained detached to the political progression   of the country and was hostile to the other two classes

the correct answer is “opportunity cost”. opportunity cost is what a company misses out because it decided in one option over another one. in this case, the company decided to invest in building a factory so it gave up another possible benefit or profit in order to achieve success with the factory.  

trade-off is not the correct answer since it is a situation in which you accept losing something in return for benefits in other areas.

and finally, consequence is a general term used to accept what it comes when you make a decision. it can be a positive or negative consequence depending if the decision you took was the correct one.