Answer:
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hope this answer will help you
Explanation:
Taking CLOTHING as an example
Clothing has elastic demand.
True, people have to wear clothes, but there are many choices of what kind of clothing and how much to spend.
When some stores offer sales, other stores have to lower their clothing prices to maintain demand.
Small stores that can't offer huge discounts go out of business.
During the Great Recession, many clothing stores were replaced by second-hand stores that offered quality used clothing at steeply discounted prices.
Hi! Not going to write your assignment for you but happy to give you some thoughts for it.
1. Urbanization: One of the key consequences of the Industrial Revolution was a move towards urban centers as putting factories in urban areas helped keep costs down
2. Loss of worker identity: With the rise of technology, workers because less needed and more like cogs in a machine
3. Women in the workplace: Many mills started to hire women, too, as they had skill with fabric based work. See: Lowell Mills.
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Answer: absence of inflation
Explanation:
C because they aren’t as large in volume
