Answer:
D. the greater the availability of close substitutes.
Explanation:
Price elasticity of demand is a measure of the sensitivity of demand for a good or service to changes in the price of that product. We say that the price elasticity of demand is elastic when a percentage change in the price of this good has major impacts on demand. On the contrary, we say that the price elasticity of demand is inelastic when variations in the price of goods have little or no influence on demand.
Goods that are inelastic in demand are usually consumer-essential goods for which there are few substitution options, such as a cancer drug. On the contrary, elastic goods are those whose price variations diminish the demand for a range of substitute goods. For example, if the price of rice goes up, people may demand spaghetti, which is a substitute good.Therefore, goods with a large number of substitutes tend to have price elastic demand.
Survive was there main goal
Answer:
Explanation:
Literature allows people to travel through time to understand different aspects of the world like culture, traditions, stories, love, sacrifices, freedom struggles, etc.
Literature provides a path to ideas and imaginations to experience the past historic moments at present time.
Literature mirrors people's emotion, the power of the government, political thinking, society, etc. It reflects humanity and helps to understand each other, conveys messages, ideas, theories, discoveries, and innovations. It helps to figure out what factors make a character decide his/her choices.
According to Collins, literature is like a path used by our ancestors to convey various information from the past that gives an idea of life and death.
It is in democracies that multiple political parties are most common, since democracy increase the chances that people with different opinions will be heard.
