118. There are three forms of difficulty of attainment. State the law of value applicable to each.
119. Explain the exact economic meaning of the words supply and demand.
120. When it is said that the value of certain commodities depends upon supply and demand, what is meant by demand?
121. If the supply of all commodities were suddenly doubled, would any changes in their relative values ensue or not, and why?
122. State the laws which regulate the permanent and temporary values of agricultural products.
123. How far does the value of commodities depend on the quantity of labor required for their production?
124. Has the term exchange value any precise meaning when we are comparing times or places very remote from one another?
125. What is meant by the natural (or normal) price and the market price of commodities? To what extent can they differ?
126. Does a general rise of wages raise the prices of commodities in general or not, and why? Does it tend to cause any change in the relative prices of commodities or not, and why?
127. Suppose that wages were double, would the values of commodities be affected? What would be the effect on prices and profits of such an increase of wages?