The answer is<u> "a good with an elastic supply"</u>
A good or service has an elastic supply when the rate change in the amount provided surpasses the rate change in cost. By and large the supplier can react rapidly to a value change.
Elasticity of supply is estimated as the proportion of proportionate change in the amount provided to the proportionate change in cost. High elasticity demonstrates the supply is touchy to changes in costs, low elasticity shows little affectability to value changes, and no elasticity implies no association with cost. Likewise called value elasticity of supply.
<span>The rising price of gold causes people to buy silver jewelry instead.
substitution effect
</span><span>When the price of chicken increases, families reduce their chicken intake substantially.
income effect
</span><span>A new factory in a village provides livelihoods for the villagers.
positive externiality
</span><span>A new factory in a village causes noise pollution.
negative externiality
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It is a battle fought between the East India Company force headed by Robert Clive and Siraj-Ud-Daulah (Nawab of Bengal). The rampant misuse by EIC officials of trade privileges infuriated Siraj. The continuing misconduct by EIC against Siraj-Ud-Daulah led to the battle of Plassey in 1757
Answer:
It is an important law of the land.
It determines the relationship of the citizens with the governments.
It lays down principles and guidelines which are required for people belonging to different ethnic and religious groups to live in harmony.
I think your answer would be according to some things you wrote on your question, income taxes.
