theres no answer choices butttt there are 3effects that explain the law of demand.
Income effect - As the price of a good increases, people purchase less quantity because they are limited by the amount of income they earn. Since it's not allowed to change, they are forced to purchase less.
Substitution effect - As the price of a good increases people purchase less quantity because they will switch to a now "relatively" cheaper substitute. The price of the substitute isn't allowed to change, so people buy more of it and less of the original.
Law of D.M.R. - As you acquire more of a good, the value of each unit decreases. Because the value is decreasing, so is the amount you are willing to pay leading to an inverse relationship between price and quantity demanded.
sorry its a long answer i dont mean to be that one person
Answer:
50/50 chance ...ima say T but definitely dont know if its right or not because i dont know the story "Storm"
Explanation:
: )
good luck..
Answer- Adam Smith
During the industrial revolution, an economist and
philosopher by the name Adam Smith was the first person who wrote about how
economic growth and capitalism are interconnected. Adam Smith is recognized in
history as a pioneer of political economy.
<span>Assuming that this is referring to the same list of options that was posted before with this question, <span>the correct response would be that the North had better industrial capabilities, which allowed them to produce more war materials. </span></span>
