Peoples' cultural, economic
and political values during the Cold War helped create a bipolar view of the
world. People identifying themselves pro and anti communism has divided the world into two sides. Two power blocs--the Soviet Union or the Eastern Block and the United
States or the Western Bloc left the rest
of the world to choose camps to achieve global order..
The correct answer is - C) an increase in the quantity demanded of that product.
When a prize of a product goes down and the quality of the same remains the same, people tend to shift towards that product and start to buy that product, while in meantime leaving the products that they were buying before because they have a bigger prize. This also contributes to people buying more in quantity, and this is in case the prize of the product gets back as it was before. Since more people start to buy the product, and also buy it larger quantity, there's an increase in the demand for the particular product.
The Laffer curve <span>was the rationale for an effective 25 percent decrease in tax rates during the reagan administration of the 1980’s.</span>
They talked with other important people to get in a deal.
