theres no answer choices butttt there are 3effects that explain the law of demand.
Income effect - As the price of a good increases, people purchase less quantity because they are limited by the amount of income they earn. Since it's not allowed to change, they are forced to purchase less.
Substitution effect - As the price of a good increases people purchase less quantity because they will switch to a now "relatively" cheaper substitute. The price of the substitute isn't allowed to change, so people buy more of it and less of the original.
Law of D.M.R. - As you acquire more of a good, the value of each unit decreases. Because the value is decreasing, so is the amount you are willing to pay leading to an inverse relationship between price and quantity demanded.
sorry its a long answer i dont mean to be that one person
The Central Powers which included Germany,Austria-Hungary,Ottoman Empire and Bulgaria so A) because of the limited correct answers
Answer:
A
Explanation:
The formation of the populist party was as a result of the farmers who were in high debts due to decreasing prices and excessive interest rates from banks. This culminated into the formation of an alliance that fought the Government for better conditions. The alliance then evolved into the populist party who advocated for all producing classes and fighting big banks and corporations. The effect the party had was that there was a reduction of political corruption and economic inequality after the formation of the populist party.
