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timofeeve [1]
3 years ago
13

What did congress do to prepare the economy for war

History
1 answer:
Roman55 [17]3 years ago
5 0
Everyone was being pressured to buy bonds from the government to help pay for world war 1. Wilson raised income taxes , and organized a vigorous liberty bond campaign. Secretary of State also pressed for public financing.

Hope it helps!!
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The price elasticity of a demand function measures the reaction of the quantity demanded by consumers after the price modification of a product. According to the law of demand, for normal goods, when the price of the product increases, the quantity demanded decreases, therefore there is an inverse relationship between price and quantity. Elasticity helps to assess the proportion of the modifications in the two variables.

<u>Let's analyse the following three goods:</u>

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