If the price of Sprite increases, the demand for a substitute good like 7-up will increase too, because people will seek for a substitute product to replace Sprite.
<u>Law of demand</u> explains the higher the price of a good, the less people will demand it (or avoid it), and will seek others to replace it.
Answer:
It began with Joint stock companies
Explanation:
The Joint Stock companies involves different people coming together and putting down large amounts of money(capital) in running a business. They share in the risks and profits of the business and this merger is usually associated with huge sums of money put down with a high profit enough to be shared between the various shareholders. This is how modern corporation began.
