The Reformation Successfully Abolished All of the Following from the Lives

question 98

Multiple Choice

The Reformation successfully abolished all of the following from the lives of Europe's Protestant community except for

• A)indulgences.
• B)the celebrations of religious saints' days.
• C)taverns.
• D)clerical celibacy.
• E)monasteries and nunneries.

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Definitions:

Supply Decreases

This term describes a situation in which the quantity of a good or service that producers are willing and able to offer for sale at various prices diminishes.

Equilibrium Price

The price at which the quantity of a good or service demanded equals the quantity supplied, resulting in market balance.

Equilibrium Quantity

The quantity of goods or services that is supplied and demanded at the market equilibrium price.

Supply and Demand

Fundamental economic concepts that describe how the quantity of a good or service provided by producers and the quantity desired by consumers affect its price.