Answer:
A centrally planned economy, also known as a command economy, is an economic system in which a central authority, such as a government, makes economic decisions regarding the manufacturing and the distribution of products
The answer should be C but please tell me what the last answe was.
They were tied to Britain through trade and by the way they were governed. Trade was restricted so the colonies had to rely on Britain for imported goods and supplies. ... The King and Parliament believed they had the right to tax the colonies.
That's all I know.
Answer:
Positive
,
A positive cross elasticity of demand means that two goods are substitutes.
Explanation:
The cross elasticity of demand for substitute goods is always positive in light of the fact that the demand for one good upsurges when the price for the substitute good increases. For instance, if the price of coffee rises, the quantity demanded for tea (a substitute brew) increases as consumers switch to a more affordable yet substitutable alternative. This is mirrored in the cross elasticity of demand formula as well. Both the numerator (% change in the demand of tea) and denominator (the price of coffee) show positive escalations.
