Answer:
B
Explanation:
I know a lot ab history :)
Answer:
A
Explanation:
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Market demand can differet from individual demand. This is, however, often not the case. Groups of individuals usually have a demand for a certain product which in turn cretes what we call market demand. Market demand is simply the demand for a product from a large number of people; the market. And a large number of people is of course composed of individuals.
This means that you may be an individual who created the market demand for certain products, but you don't create it for other products.
Answer:
Suggests that these are substitute goods
Explanation:
Demand cross elasticity measures the percentage change in the quantity demanded of a good given a percentage change in the price of another substitute good. Thus, the calculation of elasticity being 2, suggests that a percentage increase in the price of one store will increase the demand for products of the other store. In other words, a 1% increase in the price of one store will cause consumers to buy two units in the other store, replacing the store product whose price has increased.
