Which statement best compares the laws of supply and demand? a the two economic laws exist in theory. they have no relation to economics in the real world. b the two economic laws exist in theory. they work in practice, but real-world factors can have an effect. c the two economic laws work in practice. they apply to real-world economics eighty percent of the time. d the two economic laws work in practice. they prove to be true in the real world one hundred percent of the time.

The law of supply and demand is a theory that can be perfectly observed in practice. According to this law, demand and supply interact with each other by balancing the market for a good or service through price. If demand is high and supply is scarce, the price increases. The opposite is true, if supply is abundant and demand is low, price falls.

Thus there will be a point where supply and demand are equal. At this point, the price is considered the equilibrium price.

However, this law is true for a market economy, that is, the adjustment between supply and demand is given by the market itself. However, in the real world, other variables can alter the functioning of the law of supply and demand. For example, government intervention in prices or a ban on the entry of new competitors.

Thus, The second answer is correct (B).

the correct answer is "c": the pillars proclaimed his regret at the bloodshed at the battle of kalinga and his conversion to buddhism.

the kalinga war is considered as one of the largest battles in the history of india. it was fought between the between the maurya empire, which ruled the lands of what is now known as india at the time, and the independent feudal kingdom of kalinga.

the army of maurya empire, led by its king ashoka, fought a prolonged war against kalinga. the war ended around 262 bce with the victory of the maurya empire. it is believed that ashoka, after having witnessed the loss of many lives during this war, felt deep responsibility and eventually converted into buddhism.