Answer: Price of cereals must fall by 12%
Explanation:
A 10% rise in the price of milk will lead to a fall in quantity demanded by =-0.9 * 10= 9%.
To prevent the demand for cereals from falling by 9%, the price of cereals must fall by
Thus, to offset the effect of a 10% rise in price of milk, the price of cereals must fall by 12%.
Those who support this bleak view of globalization argue it creates global competition, resulting in a boost in economic activities that deplete the environment and its natural resources. The increased economic activity leads to greater emissions of industrial pollutants and more environmental degradation.
I believe it is A
a monopoly is when a company owns all the companies in that buisnesses
Explanation:
A mixed economic system is a system that combines aspects of both capitalism and socialism. A mixed economic system protects private property and allows a level of economic freedom in the use of capital, but also allows for governments to interfere in economic activities in order to achieve social aims.
