Price determination depends equally on demand and supply. It is truly a balance of the two market components. To see why the balance must occur, examine what happens when there is no balance, for example when market price is below that shown as P in Figure 1. At any price below P, the quantity demanded is greater than the quantity supplied.
Ivan Vasilevich; 3 September [ O.S. 25 August] 1530 â 28 March [ O.S. 18 March] 1584), commonly known as Ivan the Terrible (Russian: Ð¸Ð²Ð°ÌÐ½ Ð³ÑÐ¾ÌÐ·Ð½ÑÐ¹â (helpÂ·info) , Ivan Grozny), was the Grand Prince of Moscow from 1533 to 1547 and Tsar of All the Russias from 1547 until his death.
For the legendary vampire, see Count Dracula. Vlad III, known as Vlad the Impaler (Romanian: Vlad ÈepeÈ; pronunciation: [Ëvlad ËtÍ¡sepeÊ]) or Vlad Dracula (1428/1431 â 1476/77), was voivode (or prince) of Wallachia three times between 1448 and his death. He was the second son of Vlad Dracul, who became the ruler of Wallachia in 1436.