I need to see the following.
It will cause a change in the quantity demanded. There will be the same demand, but if the price goes up less people will buy the papayas.
Answer: C. Industrialization created factory jobs in urban areas while eliminating agricultural jobs in rural areas.
Explanation:
In the late 19th century, industrialization was in full swing and technology was being created that made farming more efficient. This led to a loss of jobs for people in the rural areas who depended mostly on farming.
These people then had to move to urban areas where industrialization had led to the construction of factories that required more labor. This significantly increased rural to urban migration.
Most of the money in our economy is created by banks, in the form of bank deposits – the numbers that appear in your account. Banks create new money whenever they make loans. 97% of the money in the economy today exists as bank deposits, whilst just 3% is physical cash. This short video explains:
The money that banks create isn’t the paper money that bears the logo of the government-owned Bank of England. It’s the electronic deposit money that flashes up on the screen when you check your balance at an ATM. Right now, this money (bank deposits) makes up over 97% of all the money in the economy. Only 3% of the money is still in that old-fashioned form of cash that you can touch.
I hope this helps you.
