The demand curve slopes downwards due to the following reasons
(1) Substitution effect: When the price of a commodity falls, it becomes relatively cheaper than other substitute commodities. This induces the consumer to substitute the commodity whose price has fallen for other commodities, which have now become relatively expensive. As a result of this substitution effect, the quantity demanded of the commodity, whose price has fallen, rises.
(2) Income effect: When the price of a commodity falls, the consumer can buy more quantity of the commodity with his given income, as a result of a fall in the price of the commodity, consumer's real income or purchasing power increases. This increase induces the consumer to buy more of that commodity. This is called income effect.
(3) Number of consumers: When price of a commodity is relatively high, only few consumers can afford to buy it, And when its price falls, more numbers of consumers would start buying it because some of those who previously could not afford to buy may now afford to buy it, Thus, when the price of a commodity falls, the number of its consumers increases and this also tends to raise the market demand for the commodity.
(4) various uses of a commodity
(5) law of diminishing marginal utility
Hope This Helps!!!!!! God bless
The answer is the federal government pulled out troops from the South at the end of Reconstruction, leaving African Americans unprotected:)
For the answer to the question above, <span>Lenin believed that a socialist revolution could succeed in Russia if what happened <u><em>if </em></u></span><u><em>the peasants owned the land they worked.</em></u>I hope this helps. Have a nice day!
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Answer:
A more developed transport network in Africa would attract more settlement to those areas closer to the new transportation hubs.
Explanation:
Anywhere where new roads, railroads, or airpots were built, would likely receive more migration, and also more investment, creating a virtous cycle where people move to area seeking jobs, firms move to the same area seeking workers, and the two feed each other in a positive feedback loop.
This is why building more transport infraestructure in Africa is so important, and why it is undoubtedly one of the best strategies to increase development in the continent.
Assuming your question is in reference to World War I, here's how much of Europe ended up locked in battle:
The systems of alliances and military plans which were put in place before World War I presupposed a major war between the countries which were tied together with alliances. The Triple Entente had Britain, France and Russia as allies. Germany was part of a group of allies in opposition to the Triple Entente. Behind these alliances stood the escalating trend of militarization and military planning that the nations were doing, preparing for war with one another. Militarism was the propelling force that led the nations to think that war was the best way to solve the problems that arose.
So here's what happened to start the Great War (World War I). When an Austrian prince and his wife were assassinated in Serbia, the Austrian Empire threatened the nation of Serbia with retaliatory action (even though the assassination was carried out by a terrorist group, not the Serbian government). Russia responded to Austria's threat, because Russia was bound to protect its Slavic ally, Serbia. Germany responded to the mobilization of Russian troops, and when Germany declared war on Russia in 1914, they implemented the Schlieffen Plan (drawn up by one of their generals), which called for them to go on attack vs. France. That pulled France and Britain into the war immediately as well, and the war spread and became a global conflict.
