The country’s industry boomed, and the nation experienced a period called “The Era of Good Feelings” after the War of 1812. However, divisions began to.

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The country’s industry boomed, and the nation experienced a period called “The Era of Good Feelings” after the War of 1812. However, divisions began to take place between different groups. What did you think were the reasons that good feelings ran high in this era?

Law of Supply & Demand When the demand for a product is greater than its supply, the price ($) of the product will go up. When the supply of a product is greater than the demand for it, the price ($) will go down.

Examples of the Law of Supply & Demand Gold is in short supply and high demand, so the price of gold has gone up. Currently: $1,222 per ounce. 10 years ago: $400 per ounce. Gasoline demand is lower and the supply is larger, so the price has gone down.